PRWatch: Wall St. Reform Passes! Reformers Celebrate Rare Victory Over Entrenched Special Interest

After a classic David and Goliath showdown between Wall Street might and a small band of reformers, a 2,000 page Wall Street reform bill passed the U.S. Senate Thursday afternoon 60-39. The bill is now final and is headed to the President Obama’s desk for signature.

“We were outmatched 300-1, but the bill became stronger as it worked its way through the process,” said Heather Booth, director of the national coalition Americans for Financial Reform (AFR). This shows that “with organized people and committed leadership, things can move in the right direction,” said Booth.

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But no one is resting on their laurels. A statement from National People’s Action to its grassroots members said, “this legislation does many things to prevent a future crisis, but it does not make banks responsible for cleaning up the mess they created, and it doesn’t break up the big banks or outlaw payday lending. Congratulations on winning Round One and get ready: it’s time to win Round Two!”

Read the entire article at PR Watch.org.