Crony Capitalism: Lessons from the Great Recession | Policy Stories
Автор: PolicyEd
Загружено: 2021-10-26
Просмотров: 335466
After the Great Recession, lawmakers passed the Dodd-Frank Act, designed to help avoid future bank bailouts. But in practice, it granted the government immense discretionary power to bail out and regulate Wall Street firms and the wider economy. That opened the doors for crony capitalism and put undue power in the hands of regulators and special interests.
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