Senate Passes Reforms Designed to Prevent Worst U.S. Collapse

The U.S. Senate, bringing congress to the brink of passing the most comprehensive regulation of the financial industry since the Great Depression, approved a bill that imposes restrictions on proprietary trading by banks and creates a consumer protection agency designed to prevent lending abuses that triggered the housing collapse and the worst unemployment in almost three decades.
BusinessWeek.com — Finance

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Tagged as: Collapse, Designed, Passes, Prevent, Reforms, Senate, U.S., Worst