First published 2010
The Dodd-Frank Wall Street Reform and Consumer Protection Act represents Washington's answer to demands for updated financial regulation. William Cohan delivers a thorough examination of these sweeping reforms while questioning their true effectiveness. He explores whether the legislation will create better oversight of modern finance or simply strengthen ties between government and major banks. Cohan breaks down the law's primary objectives and warns that poor implementation could warp American finance, making it more political and less dynamic while undermining rule of law foundations. He provides insider perspective on how the legislation came together and maps out the statute's essential elements. To grasp what American financial markets will look like in coming decades and how authorities will handle future crises, readers must understand Dodd-Frank. Cohan makes this complex law accessible by explaining both its specific provisions and broader implications.
Genres: business, politics, economics, non-fiction, 21st-century, finance
Vibes: thought-provoking
Tropes: insider-perspective
240 pages · Kindle Edition · Wiley