Finance reform bill a positive step
letter in Daily Local News, July 26, 2010
The financial reform bill recently passed by the Senate and just signed by President Obama is a very positive step for this country and its people.
Its new measures would regulate companies that endanger the economy, establish safeguards to protect consumers, and monitor financial practices or abuses. In a time of difficulties, this is indeed good news that many have wanted to hear.
It was of course initiated to prevent the kind of “meltdown” that damaged the national and world economy in the fall of 2008, one that still adversely affects most Americans, our country as a whole, and other parts of the world. The reforms now taken may at last help provide greater financial sense, fairer accountability, and better hopes and possibilities for everyone not just a few.
All who worked on and passed this important legislation are to be
thanked. It was not accomplished, however, without effort or
opposition. For the record, it should be noted that only three
Republican members voted in favor of this sorely needed improvement.
Though some may yet criticize or complain, the vast majority of
Americans will find many more reasons to rejoice and applaud.
David W. Long
West Chester
Posted: July 26th, 2010 under Economy.
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