The Dodd-Frank Act
Its an oftenly stated human cliché to never feel “Too Big for ones own boots.” However cliches only seem to gain there momentum in the wake of a crisis. A company at its prime which could not have dared to be looked at with disdaining eyes had finally crumbled. The Lehman brothers resilience has to credited towards the strive that was taken to open operations on a daily basis in the mast of a world financial criss in 2008, however whether that can be attributed towards a wholehearted desire to keep the company afloat or the sheer power of human greed is a debate left for another occasion.
The Dodd-Frank Act was Signed into law by President Barack Obama on July 21 2010. The act served to imbibe through its provisions a nexus of revolutionary …show more content…
The titles under the act cover a variety of avenues, some of which that stand out are: financial stability, orderly liquidation authority, Transfer of Powers to the Comptroller/ the FDIC/ and the FED, Regulation of Advisers to Hedge Funds and Others, Wall Street Transparency and Accountability, Bureau of Consumer Financial Protection and the Pay It Back Act.
Financial stability was the imperative building block from where Dodd-Frank arose. The basis of stability is self-sufficiency where companies can no longer be reliant upon the government as a scape goat measure.
orderly liquidation authority is responsible for enlightening the government and the public of the defaults which have been undertaken by a company under possible receivership. An orderly liquidation fund is to be set up for unforeseen circumstances relating to the financial liquidation of a company.
Transfer of Powers to the Comptroller, the FDIC and the FED involved eradicating the Office of Thrift Supervision and handing over its roles and responsibilities to the Federal …show more content…
Such colossal events always lead us to the proposed “what if “scenario in the next section I would like to reflect on a proposed implementation of a provision in the Dodd-Frank act which could have prevented the mammoth pandaemonium which spread on a global scale as a resultant of the fall of Lehman Brothers.
Under the orderly liquidation authority of Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act had that law been in place in advance of Lehman’s failure and in light of the powers provided to the FDIC under the Dodd-Frank Act to act decisively to preserve asset value and structure a transaction to sell Lehman’s valuable operations to interested buyers which are drawn from those long used by the FDIC in resolving failing banks could have promoted systemic stability and made the shareholders and creditors, not taxpayers, bear the
The Dodd-Frank Act was Signed into law by President Barack Obama on July 21 2010. The act served to imbibe through its provisions a nexus of revolutionary …show more content…
The titles under the act cover a variety of avenues, some of which that stand out are: financial stability, orderly liquidation authority, Transfer of Powers to the Comptroller/ the FDIC/ and the FED, Regulation of Advisers to Hedge Funds and Others, Wall Street Transparency and Accountability, Bureau of Consumer Financial Protection and the Pay It Back Act.
Financial stability was the imperative building block from where Dodd-Frank arose. The basis of stability is self-sufficiency where companies can no longer be reliant upon the government as a scape goat measure.
orderly liquidation authority is responsible for enlightening the government and the public of the defaults which have been undertaken by a company under possible receivership. An orderly liquidation fund is to be set up for unforeseen circumstances relating to the financial liquidation of a company.
Transfer of Powers to the Comptroller, the FDIC and the FED involved eradicating the Office of Thrift Supervision and handing over its roles and responsibilities to the Federal …show more content…
Such colossal events always lead us to the proposed “what if “scenario in the next section I would like to reflect on a proposed implementation of a provision in the Dodd-Frank act which could have prevented the mammoth pandaemonium which spread on a global scale as a resultant of the fall of Lehman Brothers.
Under the orderly liquidation authority of Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act had that law been in place in advance of Lehman’s failure and in light of the powers provided to the FDIC under the Dodd-Frank Act to act decisively to preserve asset value and structure a transaction to sell Lehman’s valuable operations to interested buyers which are drawn from those long used by the FDIC in resolving failing banks could have promoted systemic stability and made the shareholders and creditors, not taxpayers, bear the