Dodd-Frank: What It Does And Why It's Flawed
Dodd-Frank Critical Analysis 2
In 2008, a global financial crisis was in its prime and affecting the United States substantially. The government felt compelled to take immediate action to ensure the American people that they would never be subject to such financial vulnerability ever again (Smith & Muniz-Fraticelli, 2013). The response to this financial crisis was the Dodd-Frank Wall Street Reform and Consumer Protection Act. The act is complex and lengthy; it also states that its purpose is to promote the financial stability of the United States by improving accountability and transparency in the financial system, and most importantly to protect the American tax payer. While the Act seems to have beneficial intentions, editors Hester Peirce and James Broughel seek to address the many flaws of the Act in the book “Dodd-Frank: What It Does and Why It’s Flawed”. Through extensive examples, the editors exhibit how the Dodd-Frank Act failed to complete its objectives in its attempt to solve the financial crisis. A major concern that appears to be reiterated throughout the book is the possibility that this Act could be laying groundwork for future financial crisis opposed …show more content…
Min, David, K. (2011). Associate Director; Center for American Progress Action, F. (n.d). Cost of Dodd-Frank Implementation. FDCH Congressional Testimony,
Min, David, K. (2012). ASSISTANT PROFESSOR UNIVERSITY OF CALIFORNIA IRVINE SCHOOL OF, L. (n.d). IMPACT OF DODD-FRANK ACT: FAMILIES, COMMUNITIES AND SMALL BUSINESSES. FDCH Congressional Testimony,
Peirce, H., & Broughel, J. (2012). Dodd-Frank What It Does and Why It 's Flawed. Arlington, Virginia: Mercatus Center, George Mason University.
Smith, L., & MUÑIZ-FRATICELLI, V. M. (2013). Strategic shortcomings of the Dodd-Frank Act. Antitrust Bulletin, 58(4), 617-633.
Taylor, E. Z., & Thomas, J. A. (2013). Enhanced Protections for Whistleblowers under the Dodd-Frank Act. CPA Journal, 83(1),
In 2008, a global financial crisis was in its prime and affecting the United States substantially. The government felt compelled to take immediate action to ensure the American people that they would never be subject to such financial vulnerability ever again (Smith & Muniz-Fraticelli, 2013). The response to this financial crisis was the Dodd-Frank Wall Street Reform and Consumer Protection Act. The act is complex and lengthy; it also states that its purpose is to promote the financial stability of the United States by improving accountability and transparency in the financial system, and most importantly to protect the American tax payer. While the Act seems to have beneficial intentions, editors Hester Peirce and James Broughel seek to address the many flaws of the Act in the book “Dodd-Frank: What It Does and Why It’s Flawed”. Through extensive examples, the editors exhibit how the Dodd-Frank Act failed to complete its objectives in its attempt to solve the financial crisis. A major concern that appears to be reiterated throughout the book is the possibility that this Act could be laying groundwork for future financial crisis opposed …show more content…
Min, David, K. (2011). Associate Director; Center for American Progress Action, F. (n.d). Cost of Dodd-Frank Implementation. FDCH Congressional Testimony,
Min, David, K. (2012). ASSISTANT PROFESSOR UNIVERSITY OF CALIFORNIA IRVINE SCHOOL OF, L. (n.d). IMPACT OF DODD-FRANK ACT: FAMILIES, COMMUNITIES AND SMALL BUSINESSES. FDCH Congressional Testimony,
Peirce, H., & Broughel, J. (2012). Dodd-Frank What It Does and Why It 's Flawed. Arlington, Virginia: Mercatus Center, George Mason University.
Smith, L., & MUÑIZ-FRATICELLI, V. M. (2013). Strategic shortcomings of the Dodd-Frank Act. Antitrust Bulletin, 58(4), 617-633.
Taylor, E. Z., & Thomas, J. A. (2013). Enhanced Protections for Whistleblowers under the Dodd-Frank Act. CPA Journal, 83(1),