After two weeks
of negotiations, members of a House and Senate conference committee have
reached an agreement on measures to regulate the country’s financial
system. The bill would create an independent consumer protection bureau,
limit the types of derivatives that banks could trade, and grant the
government power to seize and dismantle firms on the verge of collapse.
Congress is expected to approve the bill next week, making it the most
far-reaching set of financial reforms since the Great Depression. What
measures were included or left out of the bill, and will it be enough to
reform Wall Street?
Jamie Court, President of Consumer
Watchdog and author of "Corporateering: How Corporate Power Steals Your
Personal Freedom…And What You Can Do About It"