Apr
21
7:35AM | posted by Sukanya Krishnan | April 21, 2010 | comments: 0
What The Wall Street Reform Means To You
President Barack Obama will lay out his plan for Wall Street Reform tomorrow at Cooper Union College. He plans on bringing transparency to financial dealings on Wall Street and closing loopholes to stop recklessness and irresponsibility.
Last Friday, Goldman Sachs, the Wall Street powerhouse, was accused of securities fraud in a civil lawsuit filed by the Securities and Exchange Commission which claims the bank created and sold a mortgage investment that was secretly intended to fail.
Today, Russel Pearlman from Smart Money Magazine discussed what the reorganization of Wall Street and what it means for us.
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