For those who are interested, here is the summary of what the bill is (since the reporters don’t seem to want to do their jobs):
http://banking.senate.gov/public/_files/FinancialReformSummaryAsFiled.pdf
Of course, they will continue to turn this thing into sausage and who knows how close the summary will be to the final bill. There is also the committee version with more detail and the actual bill on the site above. I read the committee bill yesterday. About 70% of it is good. For those that want more accountability like auditing the FED, the bill is watered down. The FED definitely survived in tact but will now have to decouple it’s cozy relationship with bankers to prevent things like AIG happening. The NY FED chairman (Geithner’s former job) will now have to be appointed by the government not the bankers. We are talking baby steps toward transparency and reigning in crony capitalism.