Dodd-Frank Financial Regulations Watered Down as Trump Signs Executive Orders. President Donald Trump signed an executive order Friday scaling back the sweeping 2010 Dodd-Frank financial regulatory framework enacted under his predecessor as a direct response to the financial crisis.
http://www.nbcnews.com/news/us-news/trump-signs-executive-orders-watering-down-dodd-frank-financial-regulations-n716481
The Dodd-Frank was designed to ensure that a financial crisis like that in 2008 won't happen again. As such, it sought to attack the principal problem that policymakers believed had caused the crisis in the first place -- the growth and proliferation of too-big-to-fail banks. [Motley Fool]
https://en.wikipedia.org/wiki/Hyman_Minsky
Hyman Philip Minsky (September 23, 1919 – October 24, 1996) was an American economist'
His research attempted to provide an understanding and explanation of the characteristics of financial crises, which he attributed to swings in a potentially fragile financial system. Minsky is sometimes described as a post-Keynesian economist because, in the Keynesian tradition, he supported some government intervention in financial markets, opposed some of the financial deregulation policies popular in the 1980s, stressed the importance of the Federal Reserve as a lender of last resort and argued against the over-accumulation of private debt in the financial markets.[1]
Minsky's economic theories were largely ignored for decades, until the subprime mortgage crisis of 2008 caused a renewed interest in them.
https://www.amazon.com/Stabilizing-Unstable-Economy-Hyman-Minsky/dp/0071592997
http://www.nbcnews.com/news/us-news/trump-signs-executive-orders-watering-down-dodd-frank-financial-regulations-n716481
The Dodd-Frank was designed to ensure that a financial crisis like that in 2008 won't happen again. As such, it sought to attack the principal problem that policymakers believed had caused the crisis in the first place -- the growth and proliferation of too-big-to-fail banks. [Motley Fool]
https://en.wikipedia.org/wiki/Hyman_Minsky
Hyman Philip Minsky (September 23, 1919 – October 24, 1996) was an American economist'
His research attempted to provide an understanding and explanation of the characteristics of financial crises, which he attributed to swings in a potentially fragile financial system. Minsky is sometimes described as a post-Keynesian economist because, in the Keynesian tradition, he supported some government intervention in financial markets, opposed some of the financial deregulation policies popular in the 1980s, stressed the importance of the Federal Reserve as a lender of last resort and argued against the over-accumulation of private debt in the financial markets.[1]
Minsky's economic theories were largely ignored for decades, until the subprime mortgage crisis of 2008 caused a renewed interest in them.
https://www.amazon.com/Stabilizing-Unstable-Economy-Hyman-Minsky/dp/0071592997
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