Financial reform bill: Will it prevent another collapse?

The new bill, reconciled in Congress early Friday, would impose sweeping new federal regulations on the financial industry.

June 25, 2010

After a 20-hour marathon, a House-Senate conference committee came to terms over what's now being called the Dodd-Frank bill, a massive overhaul of the nation's financial regulatory system. Among its key provisions:

• A new Consumer Financial Protection Bureau

• A ban on "liar loans"

• New powers to look out for "systemic risk" and break up "too big to fail" banks

• A congressional audit of the Federal Reserve

• A Wall Street tax

• New curbs on executive pay

Do you think this bill addresses the root cause of the crisis?

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