Dodd–Frank Act
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The Dodd–Frank Wall Street Reform and Consumer Protection Act, commonly referred to as the Dodd–Frank Act, is a United States federal law enacted on July 21, 2010, as the primary legislative response
Share in GDP of U.S. financial sector since 1860
President Barack Obama meeting with Rep. Barney Frank, Sen. Dick Durbin, and Sen. Chris Dodd, at the White House prior to a financial regulatory reform announcement on June 17, 2009
Ben Bernanke (lower-right), Chairman of the Federal Reserve Board of Governors, at a House Financial Services Committee hearing on February 10, 2009
President Barack Obama addresses reporters about the economy and the need for financial reform in the Diplomatic Reception Room of the White House on February 25, 2009.
2008 financial crisis
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A major worldwide financial crisis centered in the United States took place in 2008. The causes included excessive speculation on property values by both homeowners and financial institutions, leading
Dodd–Frank Act
…Act, commonly referred to as the Dodd–Frank Act, is a United States federal law enacted on July 21, 2010, as the primary legislative response to the 2007–2008 financial crisis—the worst financial crisis since the Great Depression. Named for its sponsors, Senator Chris Dodd and Representative Barney Frank, the law was signed…
The bankruptcy of Lehman Brothers (headquarters pictured), the fourth-largest U.S. investment bank (behind Goldman Sachs, Morgan Stanley, and Merrill Lynch), on September 15, 2008, is often considered the climax of the 2008 financial crisis.
People queueing outside a Northern Rock branch in the United Kingdom to withdraw their savings during the financial crisis
Restaurant in Bristol, United Kingdom, advertising cheap "Credit Crunch Lunch"