New Financial regulation Bill

President Barack Obama signed the new US Financial market regulations into law yesterday ( July 21 ), this new regulation appear because US economy have many crisis according many risk instrument plays in the financial market like : Credit cards, mortgages, stocks & money market, derivatives, loans, insurance, etc. and finally hit in 2007 / 2008, the crisis start from America but the impact of that economy crisis spread to the other countries, many companies close and many people lost their jobs.

Afraid of tragedy like the Great Depression in 1930' s, Obama administration' s prepare and set this new regulation, the President says : " The American people will never again be asked to foot the bill for Wall Street' s mistakes ", then Mr. Obama said : " There will be no more taxpayer funded bailouts. Period. "

This regulation have 2300 page bill, all of us are waiting this law into practice, others says : " It was a good step toward in a new financial system ". 

I hope other country will follow next and the crisis can not repeat again. We always learn how to make something better than before after we get fall and making errors.