April 17, 2011 | Journal Article
  • Type of publication: Journal Article
  • Research or In The Media: Commentary
  • Research Area: Finance, Jobs & Macroeconomics
  • Publication Date: 2011-04-17
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  • Authors:
    • Add Authors: Robert Pollin
  • Show in Front Page Modules: Yes

In July 2010, President Obama signed the most ambitious measure aimed at regulating financial markets since the Glass-Steagall Act. It remains an open question whether Dodd-Frank is capable of controlling the speculative practices that produced the collapse of 2008-2009. The law provides merely a framework for regulation, and is riddled with holes to be filled in the rulemaking process. In his column in New Labor Forum, Robert Pollin argues that that whether Dodd-Frank is effective depends on who fills those holes, and where, in the process, their efforts are focused.

 

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