Sunday, December 26, 2010

The U.S. financial reform bill emerged

Politicians, executives, academics are likely to tell lies, but the market is always right, in the U.S. financial reform bill passed in Congress the day, Goldman Sachs lost $ 550,000,000 settlement with the SEC, but Goldman Sachs has the stock after hours rose nearly 5%.
July 15, 2010, the U.S. Senate by 60 votes to 39 votes to pass as long as 2315's "Dodd - Frank Wall Street Reform and Consumer Protection Act" (Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010), The bill was sent to the president after a week and was signed into force on the desktop.
Years ago, part of the shares is expected to soar! Confidential! Market institutions will soon be reversed capital flows have changed dramatically! Main funding is plotting a new layout 3 years ago, Wall Street, the United States and the world economy to the brink of collapse, how to make the bank smaller risk, how to protect the interests of consumers, the new bill became the most important content.
New bill requires lenders to provide mortgage loans in the agreement prior to a comprehensive record of the borrower's income. From the official point of view, this can put an end to "lie loans." Re seeking a new bill in the commercial banks, investment banking and insurance business to build a wall between to prevent conflicts of interest. The new Act requires banks to raise the cash reserve ratio of overseas assets. Establishment of the Consumer Financial Protection Agency. To prevent taxpayers relief fund so that more financial firms fail to solve the problem through bankruptcy. Financial derivatives, hedge funds and rating companies will be subject to more stringent regulation. Enterprises choose their products or services the freedom rating rating companies will be limited.

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