Reform
The
Regulations following The Great Recession
Dodd-Frank Wall Street Reform and Consumer Protection Act:
Both were passed in July 2010 and put limits on the Vlocker Rule (speculative investments), and systems that were perceived to be infinitely expanding ("Sifi").
Consumer Financial Protection Bureau:
Instated under the Wall Street Reform and Consumer Protection Act. It protects the rights of consumers.
Emergency Economic Stability Act:
Passed in October 2008 and consisted many programs including Troubled Asset Relief Program (TARP), Helping Families Save Their Homes Act, and the Homeless Emergency Assistance and Rapid Transition to Housing Act.
Response to the Regulations
The Dodd-Frank Act
was put into effect by completely partisan votes in Congress, with no Republicans on board with the institution.When Republicans gained majority seats in Congress a campaign began to roll-back come o
Financial Choice Act
This was passed in 2017 and repealed the Vlocker Rule and the Sifi designation.
The Emergency Economic Stability Act
Americans affected by the Recession were disgusted by the government for "bailing out" the financial institutions rather than the American people. However, by saving the banks and passing the EESA, the government presented the economy from top siding and leading to a global crisis.