4 hosannas:

How Barney Frank Forged a Financial Reform Bill - By Jay Newton-Small - ... Frank cut through the nearly 3,000 pages in combined legislation with a master's skill — and a generous dollop of his trademark sarcasm on the side. He allowed members time to offer amendments and debate, but he cut them off the second their time expired. If someone defied him, he was quick to pound the gavel he continually clutched (upside down) in his left fist. Amazingly, he finished the bill early Friday after just six days of work (though the final one lasted for 20 hours), handing President Obama a much-needed legislative victory. ... - TIME.com
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Press release from Barney Frank:  Dodd-Frank Wall Street Reform and Consumer Protection Act - Create a Sound Economic Foundation to Grow Jobs, Protect Consumers, Rein in Wall Street, End Too Big to Fail, Prevent Another Financial Crisis - House.gov  
Nancy Pelosi is also delighted - Pelosi Statement on House-Senate Conference Report on Wall Street Reform and Consumer Protection Act- Press Release at Speaker.gov
Obama too, is happy.  - Obama Touts Being 'On The Verge of Victory' on Financial Reform - ABC News
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Other bank bill articles:

Financial Reform Makes Biggest Banks Stronger - The too-big-to-fail monster lives: how the Dodd-Frank bill maintains the status quo. - ... But in one respect, the nearly 2,000-page bill marshaled through Congress by Sen. Chris Dodd and Rep. Barney Frank falls short of that earlier, Depression-era standard. Whereas Glass-Steagall substantially altered the structure of the financial system and required the creation of brand-new kinds of firms, Dodd-Frank effectively anoints the existing banking elite. The bill makes it likely that they will be the future giants of banking as well.  ... - NewsWeek.com
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IBD Editorials: Financial Deform - Regulation: The financial reform bill that's about to be passed is reform in name only. It does little to correct the problems that led to our meltdown, and may do more harm by giving people a false sense of security.  The media have called this "compromise" legislation the most sweeping change in U.S. financial regulation since the 1930s. Which is saying a lot.  The two sponsors, Rep. Barney Frank and Sen. Chris Dodd, are as much responsible for the financial crisis as any two people in America. - Investors Business Daily

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Mortgages Face New Rules - Some Worry About Higher Costs, Fewer Choices for Borrowers - By NICK TIMIRAOS And JAMES R. HAGERTY -  The Dodd-Frank financial-regulatory overhaul, which Democrats hope will win final Congressional approval this week, offers greater protections for consumers against riskier and more complicated types of home mortgages. But some in the industry warn the legislation also may lead to higher costs and fewer choices for consumers - Wall Street Journal U.S.

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Big banks face 'jarring shake-up' from new regulations - By Alistair Barr - Financial reforms finalized this week may trigger a "jarring shake-up" of the industry, forcing some of the largest companies to change how and where they do business in a bid to preserve profits, analysts say - MarketWatch