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Roundup: Financial Reform & Financial Tips

The big financial news of this week, besides the correction in the markets, has to be the Senate passing [3] the financial reform bill – Restoring American Financial Stability Act of 2010 (S. 3217) [4]. As they work to reconcile this bill with the one passed by the House in December, we’ll discuss some of the more significant amendments that affect us directly. There are a lot of new banking regulations, new regulatory bodies, and the like but we’ll start taking a look at things that affect people directly (banking regulations affect us indirectly).

Finally, Flexo asks whether we should discourage some students from attending college [13]. It’s an interesting question and after watching the Frontline story about for-profit education, I’ve been wondering that myself.