Well, there are stills ome questions left about what the final bill will look like, and how it will treat derivatives, but financial regulation just took a huge step closer to reform. A “cloture” vote (ending the debate) got the requisite 60 votes, and now it’s a done deal that it will pass sometime tonight or tomorrow.
Next up there’s a conference with the House to reconcile it with their version, so it’s not all over, but definitely some kind of financial reform will be done.
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