Conference Committee Approves Final Version of Financial Reform

The Conference Committee met its deadline, but only by pulling an all-nighter.  Senator Lincoln's restrictions on derivatives trading by banks was watered down, as was the Volcker Rule.  I'll provide some analysis over the weekend, but here is a sampling of press coverage:

WSJ, Major Provisions in the Financial Overhaul Bill

NYTimes, Congress Reaches Deal on Financial Bill

WPost, House, Senate leaders finalize details of sweeping financial overhaul

WSJ, U.S. Lawmakers Reach Accord on New Finance Rules