The new financial regulations bill cleared its last real hurdle today and the president will likely sign it into law early next week. But it could take awhile for anybody to really notice.
It's still the biggest overhaul of the financial system since the Great Depression. But it won't be paid by a $19 billion tax on big financial institutions. Jeremy Hobson reports from New York.
The financial overhaul bill almost seemed like a sure thing, until Sen. Robert Byrd died and a key Republican supporter said he won't vote for the bill, unless the way it'll be paid for changes.
Henry Blodget, editor-in-chief of The Business Insider, talks with Bill Radke about why he believes that even with the new proposed financial reform measures we are at risk for another global crisis.
Congress's financial regulation bill will be up for vote soon, bankers, lawyers, consultants and regulators are reading the 4,000-page bill to see how it could affect them.
Senator Robert Byrd, 92, has died. The longest-serving member of Congress, Byrd represented West Virginia. And his passing may have an impact on financial reform as the Senate prepares for a close vote.
