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Lawmakers Agree on Sweeping Wall Street Overhaul

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LET THE LAWYERING BEGIN!
"Congressional negotiators today approved the most sweeping overhaul of U.S. financial regulation since the Great Depression, reshaping oversight of Wall Street," Bloomberg reports. "Lawmakers from the House and Senate worked through the night in a 20-hour session to reach deals on a ban on proprietary trading by banks and oversight of the derivatives market. This month, they’ve also agreed on measures to wind down big firms whose collapse might shake markets, to keep tabs on hedge funds and to make it easier for investors to sue credit rating companies."
SOURCE:   Bloomberg

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