The legislation would significantly weaken elements of the 2010 Dodd-Frank financial reform law dealing with derivatives -- the complex products at the heart of the 2008 meltdown. Many components of the bill approved Tuesday had previously passed the House with bipartisan support. However, Democratic backing had been weakest on the most controversial measure, which allows U.S. firms to skirt domestic regulations on some derivatives by conducting trades through offshore affiliates in other major financial centers. huffingtonpost/2014/06/24/koch-brothers-wall-street_n_5525566.html?ir=Politics
Posted on: Wed, 25 Jun 2014 19:37:28 +0000
Recently Viewed Topics
© 2015