Jul 21, 2010

"President Barack Obama on Wednesday signed into law the most sweeping overhaul of U.S. financial-market regulations since the Great Depression, marking the conclusion of an effort to craft a legislative response to the 2008 financial crisis.

Mr. Obama pitched the measure as a major step toward correcting the problems that contributed to that crisis and the recession that followed.

'For years, our financial sector was governed by antiquated and poorly enforced rules that allowed some to game the system and take risks that endangered the entire economy,' Mr. Obama said."

Click to go to the Wall Street Journal website and view the entire article.