Obama signs financial overhaul law
Date: 2010-07-21T11:23:54.617
Author: AAA Staff
Editor note: The legislation creates a bureau with the power to make rules for credit cards, mortgages and other products. Backers say the law is powerful protection for consumers; foes see a 'permanent bailout' and a 'boondoggle.'
Reporting from Washington —
Declaring that "the American people will never again be asked to foot the bill for Wall Street's mistakes," President Obama on Wednesday signed landmark legislation providing the most sweeping overhaul of financial rules since the Great Depression.
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View original artilce: http://www.latimes.com/business/la-fi-financial-reform-20100722,0,2171929.story
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