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Recent Reports

July 21 - Dodd-Frank Is Five: And Still Not Allowed Outside the House
July 15 - Financial Services Conflict of Interest Act: Outlining the Need for Increased Revolving-Door and Reverse Revolving-Door Legislation
January 25 - Continued Concerns With HSBC: Giant Bank Has Been Involved in Several Legal Investigations Since Signing Deferred Prosecution Agreement
More - See All Financial Reform Reports

Forgotten Lessons of Deregulation

Rolling Back Dodd-Frank’s Derivatives Rules Would Repeat a Mistake that Led to the Financial Crisis

May 14, 2012 - Although debate continues over some of the root causes of the 2008 financial crisis, there is little dispute that inadequate regulation of derivatives was a major contributor. This new Public Citizen report chronicles the flawed arguments that were used to deregulate derivatives during the Clinton administration and how the decision to do so led to the worst economic crisis since the Great Depression. But many have forgotten these recent lessons. At least nine bills have been introduced in Congress that would erode the derivatives reforms in the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010—even as the nation is still recovering from the disaster that unregulated derivatives caused in first place.

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