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9-19-12: The Rules of Regulation
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Four years ago this month, the financial market was turned upside down. Lehman Brothers declared bankruptcy, the stock market crashed—and the world was tossed into a global recession.
To get a better hold on the financial market, in 2010, Congress passed the Dodd–Frank Wall Street Reform and Consumer Protection Act. After its passage—and throughout the economic crisis—we’ve checked in regularly with law professor Michael Greenberger, who formerly worked as regulator with the Commodity Futures Trading Commission, CFTC. He’s also the Director of the University of Maryland’s Center for Health and Homeland Security.
Michael Greenberger is taking part in a symposium on regulations at the University of Maryland later this week, called "Too Big to Jail: The Roadblocks to Regulatory Enforcement.” It's open to the public, and is taking place on Thursday night and Friday during the day in Baltimore.
Here, in this web extra, Michael Greenberger talks about the Volcker Rule, the upcoming election, and Occupy Wall Street.