06.30.10

Financial Reform Bill passes House

Posted in Financial Markets, Politics and Policy at 8:16 pm

237-192.  3 Republicans voted for, 19 Democrats voted against.

Now it’s on to the Senate in mid July.  Stay tuned.

2 Comments »

  1. liberal said,

    07.04.10 at 9:10 am

    Is it possible that, on the whole, the bill does more good than harm, or is it not clear? (Included in “harms” is heading off real reform.)

  2. RueTheDay said,

    07.04.10 at 10:24 am

    I’d say overall, focusing on what it does do, it does more good than harm. Its sins are sins of omission moreso than sins of commission.

    Barbara Kiviat raised a good point the other day:

    http://curiouscapitalist.blogs.time.com/2010/06/30/why-are-we-still-discussing-the-causes-of-the-financial-crisis/

    This legislation, should it pass, should be viewed as the first in a series of reform, rather than a one shot deal.

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