President Signs Historic Financial Overhaul Package

Summary

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WASHINGTON - Reveling over a new milestone in his presidency, a triumphant Barack Obama on Wednesday signed into law the most sweeping overhaul of lending and high-finance rules since the Great Depression, adding safeguards for millions of consumers and aiming to restrain Wall Street excesses that could set off a new recession.

The president's signing ceremony capped nearly two years of intense and partisan debate over how to avoid a recurrence of the 2008 meltdown that buckled the economy and left sharp, lasting imprints on the nation's politics and in U.S. homes.

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President Signs Historic Financial Overhaul Package

"Because of this law, the American people will never be asked again to foot th...

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