Financial Sector in United Sates Today
The statement about reform in financial sector in United Sates is can be with told in front of reporters or also can be in a written statement. In a written statement, Olympia Snowe, a Maine representative, said that the law in financial sector form is an important step to implement reforms to regulation, creating a strong consumer protection and restore confidence in U.S. financial system. Law on U.S. financial sector reform is a response to global crisis in 2008 that ‘forced’ the U.S. Congress bailout program to inject $ 700 billion to big companies including American International Group Inc, and Citigroup Inc. This law was approved by Parliament of the United States on June 30.