Tagged financial crisis

Repeal of Dodd Frank Act-Heralding a new financial crisis?

By Nicolas Deising* & Nihal Dsouza** The Dodd Frank Act is considered to be the most ambitious and far reaching legislation regulating the financial sector since the Great Depression of the 1930’s. On the surface, it instills confidence in the financial system. At a deeper level, it is aimed at preventing similar occurrences to the 2008…

DIRECTOR ZIENTS: Building an Economy to Last

When President Obama took office in 2009, the economic outlook was bleak. We were losing nearly 800,000 jobs—the equivalent of laying off the entire workforce of West Virginia every month. The unemployment rate was headed to 10 percent. The auto industry and the financial system were on the verge of collapse. We were approaching a…

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