Introduction
The United States experienced the worst financial crisis since the Great Depression, the loss of 8 million jobs, failed businesses, a drop in housing prices, and wiped out personal savings. As a result, the Dodd-Frank Act aims to restore responsibility and accountability in the financial system that would create a sound economic foundation to grow jobs, protect consumers, rein in Wall Street big bonuses, end bailouts and to big to fail. Legislators realized that the existing…
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