The Obama administration reached another major milestone with the passing of the Wall Street Reform Bill. The Senate had a hard time getting to the 60 votes necessary to break the fillibuster that prevented the bill from coming to the floor for a vote. The bill is a major step forward in reversing the many years of deregulation that resulted in the worldwide crash of banking systems. Senator Ted Kaufman (D, Delaware) gives a thoughtful analysis of the many accomplishments of the bill and the ways it should be strengthened in future legislation in "The Wall Street Reform Bill: How Much Did We Lose Getting to 60?"
Jim Meffert on Reinstating Glass-Steagall to Strengthen Financial Reform
The reinstatement of the Glass-Steagall Act, supported by CD3 Candidate for the U.S. House Jim Meffert, would strengthen the separation of investment from commercial banking that Senator Kaufman explains depends to a great deal on regulators in the current bill. See Jim Meffert's 2 minute video on the need for further financial regulation.
