Abstract
This column was published in Savannah Morning News.
Either we have forgotten which sector of the economy brought global markets to their knees in 2008, or we have succumbed to a disastrously distorted incentive structure within the political sphere. Six years after bets gone bad at the largest financial institutions catalyzed the Great Recession in the U.S. (and abroad), policymakers have taken yet another step to gut the once spirited landmark legislation known as the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Less than two weeks into their 2015 tenure, Congress took steps to weaken the act, once thought to be a critical piece of financial market legislation aimed at avoiding future financial panic and the possibility that U...
Original language | American English |
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Journal | Savannah Morning News |
State | Published - Jan 31 2015 |
Keywords
- Dodd-Frank
DC Disciplines
- Finance and Financial Management