Found 2 article(s) for author 'Dodd-Frank Act'

Larry Summers is worried about ‘enormous damage’ to the economy

Larry Summers is worried about ‘enormous damage’ to the economy. Lawrence Summers, February 27, 2017, Video, “Former Treasury Secretary Larry Summers had strong words for the economic policies and the rhetoric coming from the Trump Administration. In a wide-ranging interview in his offices at Harvard University, Summers called the new administration’s pronouncements on trade for instance “wildly irresponsible” and “potentially very dangerous.” ” Link

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Clearinghouse Overconfidence

Clearinghouse Overconfidence. Mark Roe, August 11, 2013, Paper. “Regulatory reaction to the 2008-2009 financial crisis focused on complex financial instruments that deepened the crisis. A consensus emerged that these risky financial instruments should move through safe, strong clearinghouses, which would be bulwarks against systemic risk, and that the destructive impact of the failures during the crisis of AIG, Lehman Brothers, and the Reserve Primary Fund could have been softened or eliminated were strong clearinghouses in place…” Link verified June 19, 2014

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