Obama: "Wall Street failed ".

Keywords: regulation, Wall Street, Senate, U.S., Obama.

For U.S. President lobbyists have failed to derail his reform of financial regulation that the U.S. Senate passed the night of Thursday to Friday.

The 59 votes against 39, the U.S. Senate voted on the text on the financial sector reform.
The bill being debated in the Senate since late April foresees the creation of a consumer protection agency in the financial central bank (Fed). The text also prevents the rescue of large financial institutions at taxpayers' expense.

Three Republicans say "yes":
Wednesday While the Democrats were still unable to obtain the majority needed to confirm the reform, three Republicans who have provided their support on Thursday. "I congratulate these reasonable Republicans who voted to advance this bill, but I am disappointed by those who voted to allow the usual arrangements of Wall Street," said Democratic Majority Leader Harry Reid in a statement after vote.
It also provides for tighter regulation of the huge derivatives market, which are no longer marketed in transparent platforms, and not OTC. And it would prohibit banks from marketing some, called "swaps", which are to be exchanged either assets or financial flows.
Once the text adopted in the Senate, it will be merged with one already adopted by the House of Representatives in December, before being promulgated by President Obama.

Obama just joy:
Reacting to the decision of the Senate, Barack Obama was encouraged to see that "Wall Street attempts to derail his broad reform of financial system had" failed. "
"Today, I think it is fair to say that these attempts have failed," said Barack Obama during a speech at the White House.