So the Senate just passed Chris Dodd's financial regulation bill and the House and Senate
are getting ready to reconcile their two
versions. What I want to know is what happened to
the parts of the bill that we were up in arms about (adjusting the requirements to be a qualified investor, the 120 day SEC review, etc.)? Anyone have any info?
Possibly declawed. Have to wait for the House/Senate reconcile.<p><i>Now, the amendment maintains the $200,000 salary and $1 million net worth -- as long as the primary residence is not included in the net worth calculation.</i><p><a href="http://news.google.com/news/search?q=senate+bill+accredited+investor" rel="nofollow">http://news.google.com/news/search?q=senate+bill+accredited+...</a>
I was most interested in seeing whether the Volcker rule got through, but the news reports I've read are very conflicting, with some claiming it's in and some that it's been watered down to meaninglessness.<p>Given all that tough talk by Obama when he first proposed it in that news conference, I'm very surprised to see such poor mention of it subsequently. News channels seem to not even want to report on it. Sad (and maddening) to see such a visible act of Wall Street's power.