Log in Free trial  Wall Street Reform Bill Isn't Perfect, but
It's a Good Start  Article excerpt  Byline: GUEST VIEWPOINT By
Peter DeFazio  Last week, almost 20 months after the big banks
on Wall Street drove our economy off the cliff, the president
signed into law tough financial services reform legislation.
House Resolution 4173, the Wall Street Reform and Consumer
Protection Act, will demand accountability from the big banks
and financial titans on Wall Street and put in place rules to
prevent the growth and collapse of another massive speculative
bubble.  The bill did not go as far as I wanted in regulating
gambling with derivatives or breaking up some of the "too big to
fail" conglomerates like Citibank and Goldman Sachs. But it is
the most significant regulation of Wall Street since the Great
Depression, and a good start toward reining in Wall Street's
dominance of our economy to the detriment of Main Street America
and the real economy.  The big banks and Wall Street traders
deployed more than 3,000 lo