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Senate approves financial reform in a late night vote

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The Senate passed sweeping financial reform legislation last night, aimed at keeping the financial sector from collapsing as it did in 2008. The final vote was 59-39, with four Republicans joining the majority party to get the bill through. Two Democrats remained opposed to the bill, saying the Senate measure didn't include tough enough regulations.
 
Republican Senators Olympia Snowe and Susan Collins from Maine, Chuck Grassley from Iowa, and Scott Brown from Massachusetts all voted yes, with Grassley saying that this bill sends a message  to Wall Street.

"There’s no question this bill has flaws," Grassley said. "Big ...

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