WASHINGTON ½ºÆ÷Ã÷¹èÆÃ ½Å·Ú¢¸ ¢¸ box7942.com ¢º ¢º¹ÏÀ½ »ç¼³½ºÆ÷Ã÷ÅäÅä- Reveling in victory, President Barack Obama on Wednesday signed into law the most sweeping overha½ºÆ÷Ã÷¹èÆÃ ½Å·Ú¢¸ ¢¸ box7942.com ¢º ¢º¹ÏÀ½ »ç¼³½ºÆ÷Ã÷ÅäÅäul of financial regulations since the Great Depression, a package that aims to protect consumers and ensure economic stability from Main Street to Wall Street.
The law, ½ºÆ÷Ã÷¹èÆÃ ½Å·Ú¢¸ ¢¸ box7942.com ¢º ¢º¹ÏÀ½ »ç¼³½ºÆ÷Ã÷ÅäÅäpushed through mainly by Democrats in Washington's deeply partisan environment, comes almost two years after the infamous near financial meltdown in 2008 in the United States that was fe½ºÆ÷Ã÷¹èÆÃ ½Å·Ú¢¸ ¢¸ box7942.com ¢º ¢º¹ÏÀ½ »ç¼³½ºÆ÷Ã÷ÅäÅält around the globe. The legislation gives the government new powers to break up companies that threaten the economy, creates a new agency to guard consumers and puts more light on the fin½ºÆ÷Ã÷¹èÆÃ ½Å·Ú¢¸ ¢¸ box7942.com ¢º ¢º¹ÏÀ½ »ç¼³½ºÆ÷Ã÷ÅäÅäancial markets that escaped the oversight of regulators.
Obama described them all as commonsense reforms that will help people in their daily life - signin½ºÆ÷Ã÷¹èÆÃ ½Å·Ú¢¸ ¢¸ box7942.com ¢º ¢º¹ÏÀ½ »ç¼³½ºÆ÷Ã÷ÅäÅäg contracts, understanding fees, being aware of risks.
He went so far as to call the reforms "the strongest consumer protections in history." The presid½ºÆ÷Ã÷¹èÆÃ ½Å·Ú¢¸ ¢¸ box7942.com ¢º ¢º¹ÏÀ½ »ç¼³½ºÆ÷Ã÷ÅäÅäent added to a burst of applause: "Because of this law, the American people will never again be asked to foot the bill for Wall Street's mistakes."
Republ½ºÆ÷Ã÷¹èÆÃ ½Å·Ú¢¸ ¢¸ box7942.com ¢º ¢º¹ÏÀ½ »ç¼³½ºÆ÷Ã÷ÅäÅäicans portray the bill as a burden on small banks and the businesses that rely on them and argue it will cost consumers and impede job growth. Republican Rep. Darrell Issa of California called ½ºÆ÷Ã÷¹èÆÃ ½Å·Ú¢¸ ¢¸ box7942.com ¢º ¢º¹ÏÀ½ »ç¼³½ºÆ÷Ã÷ÅäÅäObama's bill-signing a "charade" that ignored the root causes of the financial crisis.
The president said otherwise. He argued that a crippling recession was primarily caused by a breakdown in the financial system that cannot happen again.
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