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The U.S. Senate approved the Financial Reform Bill 59 to 39, but it still needs to be approved by the house before becoming official legistration. Financial Services Technology takes a look at the bill, and provides the shown infographic of how the voting process went down.
“Our goal is not to punish the banks but to protect the larger economy and the American people from the kind of upheavals that we ve seen in the past few years ” the President said in his speech. “And today s action was a major step forward in achieving that goal.”
via US Senate approves Wall Street reform bill | GDS Publishing.
Do brokerages’ proprietary trading floors trade against their firms’ own customers? Or worse? Readers might be interested in “My Life Versus Mrs. Blankfein’s Diamond Earrings” http://wp.me/pVYiX-7