Vicki Morwitz: April 2010 Archives

Do We Really Want to Protect Consumers?

| | Comments (0) | TrackBacks (0)

by Vicki Morwitz and Robert Whitelaw

This spring Senator Dodd unveiled a Senate bill claiming to place the protection of consumers at the top of the list. Consumers--homebuyers, taxpayers, the everyman investor--were the big losers in the greatest financial crisis in recent history. Now, with a bill moving swiftly, perhaps, through the Senate, victory may be at hand. Or is it?

About RegulatingWallStreet.com

The Dodd-Frank Act, signed into law in July 2010, represented the most significant and controversial overhaul of the U.S. financial regulatory system since the Great Depression. Forty NYU Stern faculty, including editors Viral V. Acharya, Thomas F. Cooley, Matthew P. Richardson, and Ingo Walter, provide a definitive analysis of the Act, expose key flaws and propose solutions to inform the rules’ adoption by regulators, in a new book, Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance (Wiley, November 2010).

About Restoring Financial Stability

Previously, many of these faculty developed 18 independent policy papers offering market-focused solutions to the financial crisis, which were published in a book, Restoring Financial Stability: How to Repair a Failed System (Wiley, March 2009).

About the Authors