Overview
The good, the bad, and the scary of Washington's attempt toreform Wall Street
The Dodd-Frank Wall Street Reform and Consumer Protection Act isWashington's response to America's call for a new regulatoryframework for the twenty-first century.
In The New Financial Deal, author David Skeel offers anin-depth look at the new financial reforms and questions whetherthey will bring more effective regulation of contemporary financeor simply cement the partnership between government and the largestbanks.
- Details the goals of the legislation, and reveals that how theyare handled could dangerously distort American finance, making itmore politically charged, less vibrant, and further removed frombasic rule of law principles
- Provides an inside account of the legislative process
- Outlines the key components of the new law
To understand what American financial life is likely to looklike in five, ten, or twenty years, and how regulators will respondto the next crisis, we need to understand Dodd-Frank. The NewFinancial Deal provides that understanding, breaking down both whatDodd-Frank says and what it all means.
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