The Dodd-Frank act five years later: are we more stable?

Todd Zywicki ()
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Todd Zywicki: George Mason University School of Law, Postal: George Mason University School of Law , 3301 Fairfax Drive, Arlington, VA 22201, http://www.law.gmu.edu/faculty/directory/fulltime/zywicki_todd

Journal of Financial Transformation, 2016, vol. 43, 62-71

Abstract: In response to the global financial crisis, in 2010 Congress enacted the Dodd-Frank Financial Reform Act, which was ostensibly designed to “end” the problem of too-big-to-fail banks and otherwise reform and modernize the American financial system. I, and others, have elsewhere considered the impact that Dodd-Frank has had on the financial services industry, banking industry, and consumers. This article focuses on a larger long-term influence of Dodd-Frank and the financial crisis: the impact on the rule of law and freedom. Although Dodd-Frank and the regulations enacted under it could, in theory, be repealed or amended in the future, it will be far more difficult to reverse the impact of Dodd-Frank and the financial crisis on the rule of law, constitutional government and individual freedom and protection from arbitrary government.

Keywords: Dodd-Frank; rule of law; financial services; small business (search for similar items in EconPapers)
JEL-codes: G28 H81 K22 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jofitr:1570

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