A piece-by-piece guide to financial overhaul law - Yahoo! Finance:
WASHINGTON (AP) -- Two years after the global financial system nearly collapsed, a vast revamping of regulation has been signed into law. The measure targets the risky banking and oversight failures that led to the last crisis. The goal is to make another crisis less likely -- and, if it does happen, less costly for taxpayers.
Most of the new rules won't take effect right away. The Obama administration has a full year, for example, to empower a Bureau of Consumer Financial Protection that is being created."
Wednesday, July 21, 2010
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