Tag Archives: Dodd-Frank

Explaining Dodd-Frank

Share Button

September 8, 2017 —   Nine years ago this month, the US sub-prime mortgage crisis morphed into a severe global financial crisis.  Many Americans across the political spectrum angrily demanded financial reform, by which they meant a tightening of financial regulation.  Indeed, important reforms were subsequently enacted, in particular the 2010 Dodd-Frank bill.

Today, those reforms are increasingly under assault.  Most recently, the Trump Administration is proposing a roll-back of regulation of banks as well as of other financial institutions.  The recent decisions of Fed Governors Stan Fischer and Dan Tarullo to retire are also worrisome signs. Continue reading

Share Button

Let the US Fiduciary Rule Go Ahead

Share Button

(Feb.24, 2017) The quantity of financial regulation is not quite as important as the quality.  One must get the details right.  The case of the US “fiduciary rule” strongly suggests that President Trump will not get the details right. Continue reading

Share Button

Looking Back on Barack

Share Button

(Jan. 16, 2017)  At the end of his time in office Barack Obama merits an enumeration of some of his many accomplishments.   The recollection should start as he started, on January 20, 2009: the pilot taking the cockpit just when the plane was in an uncontrolled dive. Continue reading

Share Button