Dodd-Frank Wall Street Reform Act
The Dodd-Frank Wall Street Reform Act took its cause on the twenty-first of July 2010. It contained several rules and regulations designed to end risk taking, fraud, and greed that dominated the 2008 financial crisis. Despite its very detailed information, the Act did not end up achieving the goals it was set to accomplish. Immediately after being enacted, it caused a sharp division in parties. It only passed the House with a single Republican vote and three GOP votes in the Senate. The Republicans viewed it as an ObamaCare financial system that was an unnecessary expansion of the state.
Four years later, the Act’s effects have shown that if anything, its critics were too kind. The pernicious effects have crippled
The Dodd-Frank Wall Street Reform Act took its cause on the twenty-first of July 2010. It contained several rules and regulations designed to end risk taking, fraud, and greed that dominated the 2008 financial crisis. Despite its very detailed information, the Act did not end up achieving the goals it was set to accomplish. Immediately after being enacted, it caused a sharp division in parties. It only passed the House with a single Republican vote and three GOP votes in the Senate. The Republicans viewed it as an ObamaCare financial system that was an unnecessary expansion of the state.
Four years later, the Act’s effects have shown that if anything, its critics were too kind. The pernicious effects have crippled