One year ago today, President Obama signed the Wall Street Reform bill into law.
This groundbreaking law does three important things. First, it brings to an end taxpayer funded bailouts -- so taxpayers will never again be left paying the bill if a big bank fails. Second, it stops the reckless risk-taking by Wall Street that put consumers in jeopardy and led to the economic crisis. And third, this law puts in place the strongest consumer protections in history.
Here’s a quick video we put together last year to explain it:
Source: http://www.whitehouse.gov/blog/2011/07/21/one-year-later-what-wall-street-reform-means-you
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