The Financial Regulatory Overhaul - What It Means For Banks, What it Says About Washington

Thursday, July 15, 2010

Today, after months of wrangling, the Senate is set to pass a bill that will completely change how the government regulates Wall Street and the banking sector. The legislation marks the first major overhaul of financial regulations since the 1930s.

But although there seemed to be general agreement that the financial sector was in dire need of an update, only three Republicans look ready to vote in favor of the bill. Is this major Democratic victory a sign that bipartisanship is dead in Washington? And how will Wall Street respond?

Todd Zwillich, The Takeaway's Washington correspondent, and Louise Story, finance reporter for our partner, The New York Times report on the bill.


Louise Story and Todd Zwillich

Produced by:

Kateri A. Jochum

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