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12 Dec

Major makeover of Wall Street rules passes House (AP)

Posted in business on 12.12.09

House Speaker Nancy Pelosi of Calif., right, gestures during a news conference on Capitol Hill in Washington, Friday, Dec. 11,2009, following the House Passage for Wall Street Financial Reform and Consumer Protection Act. With her is House Financial Services Committee Chairman Rep. Barney Frank, D-Mass., left, and Susan Chapman. (AP Photo/Pablo Martinez Monsivais)AP – The House passed the most ambitious restructuring of federal financial regulations since the New Deal on Friday, aiming to head off any replay of last year’s Wall Street failures that plunged the nation deep into recession.



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