Historical financial bill signed in US by Zivka Deleva

Yesterday was a big day for the United States of America financial system. The long awaited reforms in the system that in the past few years was melted by its own defeats, now has a new legislative on which US banks and people are going to rely on. President Barack Obama signed the reform into law and from now on, the banks on the Wall Street are not going to be so superior over taxpayers and the Americans are going to have bigger rights when it comes to the bank accounts and possibilities. This is considered to be the biggest financial reform in the States since 1930s when the Great Depression has happened. Bigger protection for the consumers, control of the banks from higher bodies that will have them in sight all the time and well managing of the credit card firms are the biggest acquisition that this law is going to give to the taxpayers. "Because of this law, the American people will never again be asked to foot the bill for Wall Street’s mistakes. There will b! e no more tax-funded bailouts. It was a crisis born of a failure of responsibility from certain corners of Wall Street to the halls of power in Washington" - said Obama. According to the father’s nation, this bill is going to help for faster recovery from the recession and decreasing the number of the unemployment. Finally, the country is based on the functioning of the banking system, because you are not an American if you don’t have at least three or four credits to pay for. Or maybe better, their lives are on credit. Let’s see how will Obama’s administration handle the new bill, because now is the time for the real work to be done.

by Zivka Deleva for Cantell TV (http://cantell.tv)

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