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 financial crisis, in which … [Read more...] about Repeal of Dodd Frank Act-Heralding a new financial crisis?
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 second Great Depression. Fortunately, in the … [Read more...] about DIRECTOR ZIENTS: Building an Economy to Last
As President Obama took office in January of 2009, our nation was in the depths of the worst financial crisis since the Great Depression. We were losing more than 750,000 jobs a month. Ultimately, those job losses totaled nearly nine million. Over five million American families lost their homes. Countless small businesses were shuttered, and about thirteen trillion dollars in … [Read more...] about CHAIRMAN MASSAD: Bold, Steady Leadership in the Face of the Financial Crisis
By Matthew Skurnik* Prosecutors seem to be caught in a bind. Last week, the Manhattan D.A.’s high-profile fraud trial against three former leaders of the now-defunct law firm Dewey & LeBoeuf came to an anticlimactic end with the judge declaring a mistrial. After more than 22 days of deliberation, the jury agreed to acquit on some charges, but deadlocked on the … [Read more...] about A “Blow” to the Office: How We Think About Failed Prosecutions