Financial System Overhaul Slow, But Coming: Experts

Law360 (November 6, 2009, 5:54 PM EST) -- After handing out nearly $1 trillion to financial institutions in fall 2008, Congress vowed to quickly enact a broad rewriting of the financial regulatory architecture. But with health care legislation, a global recession, climate change legislation and the war in Afghanistan, progress has been slower than some had expected.

Still, the U.S. House of Representatives is moving forward on its financial regulatory reform package, although not without controversy. The Senate is just getting started, and the top Democrat on financial issues will reportedly be throwing a wrench in the works.

But observers say they expect several segments of the sweeping plan...

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