Dodd Frank

  • Will Wall Street and Barack Obama bridge their divide? January 3, 2013

    The demonisation of the financial industry is not limited to the US. It's a global phenomenon. In the US, the need to bail out the banking industry was a very difficult political decision for Democrats in particular. The entire country was suffering in the recession. There was the notion that...
  • Obama signs Wall Street overhaul into law July 21, 2010

    Washington: US President Barack Obama on Wednesday signed into law the most comprehensive financial regulatory overhaul since the Great Depression and vowed there will be no more taxpayer-funded bailouts for Wall Street. "Because of this law, the American people will never again be asked to foot the bill for Wall Street's...