House Approves Sweeping Financial Reforms

of the chamber's Republicans and 27 Democrats voted against bill. "This legislation brings us another important step closer to necessary, comprehensive financial reform that will create clear rules of the road, consistent and systematic enforcement of those rules, and a stronger, more stable financial system," President Barack Obama said in a statement. The bill would create an inter-agency council to police systemic risk in the economy, crack down on hedge funds and credit rating agencies, ...
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