too big to fail

12.28.11

Impacts of Dodd-Frank

The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law on July 21, 2010, to prevent another financial meltdown requiring massive bail-outs of institutions “too big to fail.” Among other things, it created the Financial Stability Oversight Council to act as an overall governing body for all the government agencies that regulate financial institutions, overhauled who regulates

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