• Home
  • News
    • Politics / Govt
    • Legislature
    • Crime / Courts
    • Health / Medicine
    • Archives
  • Sports
    • Badgers
    • Packers
      • Titletown Report
    • Brewers
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Wisconsin Radio Network

Wisconsin News and Sports

You are here: Home / Politics / Govt / Kind on financial regulations overhaul

Kind on financial regulations overhaul

December 12, 2009 By Bob Hague

The House of Representatives has advanced an overhaul of financial regulations. More than a year after the catastrophic near-collapse of Wall Street, the House, on a largely partisan 223-202 vote, approved the most sweeping overhaul of the nation’s financial regulatory system since the Great Depression.

“What we’ve done is to insure that these institutions that were considered too big to fail, will be allowed to fail in the future, if they make bad bets, if they over extend themselves, if they speculate, if they make bad decisions,” said La Crosse Democrat, Rep. Ron Kind. Kind said that those institutions could be broken up – but that the economic well being of average citizens would be protected.

Among other things, the bill creates a new federal agency dedicated to consumer protection. Kind says most financial institutions here in Wisconsin will remain under state oversight. Kind says the bill makes a distinction between those institutions and the so called “too big to fail” financial firms, although House Republicans, who mostly voted against the bill, claim it will fail to rid the nation of those firms. The bill will still need to be approved by the Senate.

Bob Hague (1:10) AUDIO: Bob Hague reports (1:10 MP3)

Share this:

  • Facebook
  • Twitter

Filed Under: Politics / Govt



Featured Stories

Future of abortion in Wisconsin hinges on SCOTUS ‘Roe’ decision

Juvenile arrested in connection with death of Lily Peters

Missing Chippewa Falls girl found dead, police seek suspect

Medical marijuana legislation gets public hearing at Capitol

Tommy Thompson announces he will not run for governor

TwitterFacebook

Sports Headlines

Giannis breaks franchise scoring record, Bucks beat Nets in OT

Wisconsin’s Davis declares for NBA Draft

Badgers to face Arizona State in Las Vegas Bowl

Williams likely out for the season with broken hand

Packers releasing TE Jace Sternberger

More Sports

Tweets by @WRN

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2022 · Learfield News & Ag, LLC