Obama's Impossibly Complex Win

The Senate passed a historic finance reform bill on Thursday night, fulfilling a major goal of the administration. But, Eric Alterman writes, the legislation is a thicket of compromises.

Whatever you think about the financial regulation bill that finally passed in the Senate Thursday night, you can't say it’s not a big deal. It’s 1500 pages long, and just take a look at Journal’s précis of its major provisions.