Clean Air And Clean Water

“As a result of this movement, the banking laws changed. Congress began to investigate in more depth of the money used to support banks. Eventually Congress changed the level of liquidity of the banks once realizing they were too low.” This movement helped congress recognized a huge flaw in banking services. Also, an act was passed by Barack Obama on July 21, 2010. This act was known as the Dodd-Frank Act. “In the fall of 2008, a financial crisis of a scale and severity not seen in generations left millions of Americans unemployed and resulted in trillions in lost wealth. Our broken financial regulatory system was a principal cause of that crisis. It allowed some irresponsible lenders to use hidden fees and fine print to take advantage of consumers.To make sure that a crisis like this never happens again, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law. The most far reaching Wall Street reform in history, Dodd-Frank will prevent the excessive risk-taking that led to the financial crisis. The law also provides common-sense protections for American families, creating new consumer watchdog to prevent mortgage companies and pay-day lenders from exploiting

Donald Trump 's victory in the 2016 presidential election took many people by surprise. Pollsters, political analysts, news anchors and even celebrities expressed shock that a Washington outsider could triumph over a candidate with Hillary Clinton 's history in politics. Clinton and Trump expressed views throughout their campaigns that were in direct opposition, including their opinions on the Dodd-Frank Act, the legislation that spawned the controversial Consumer Financial Protection Bureau. As you may know, the CFPB has proposed sweeping new regulations for short-term, small-dollar installment loans that could effectively eliminate these types of loans. Although the Dodd-Frank and the CFPB have received a great deal of support from President Obama as well as Clinton, Trump has repeatedly vowed to "dismantle" both the agency and the Dodd-Frank. This has led to speculation that Trump 's election may be a death blow to Obama 's plan to kill non-collateralized personal installment loans.

Dodd-Frank Wall Street Reform and Consumer Protection Act that was signed into law in July of 2010 sparked bitter controversy. Appropriately argued by American Banker’s Capitol Hill reporter Victoria Finkle, Dodd-Frank is viewed as either a “landmark law that reined in the biggest banks” or an “economy-crippling overreach that burdened small institutions.” The Act intends to tighten financial regulation in the U.S., hoping to prevent the repeat of another financial crisis. Impetus for Dodd-Frank stemmed from the bailout of financial institutions deemed “too big to fail” and the moral hazard it created.

During Reagan's administration, Continental Illinois, the 8th largest commercial bank at the time, was bailed out because there was a fear that if International bond holders saw a large bank failing, they would pull money out of all American bank. So, after Continental Illinois was bailed out, large banks started to become dependant on the government. They began to act riskier with investments because they knew the government would bail them out. During Bill Clinton’s presidency a similar situation occurred, further clearing the message that if you are a large bank and are about to fail, the government will take tax payer’s money to bail you out. Again, during Bush’s last year as president, because of a fear of a recession, Bush once again bailed out large banks. It is a continuous cycle that unnecessarily and negatively impacts everyday people. Government has now got itself trapped in a bubble where they will constantly bail out large banks due to the fear of a economic collapse, but each time the government bails out the banks, the potential crisis worsens. The government is not responsible for saving the banks, only our

The Trump Presidency has lead to major changes in foreign policy, but none sparked as much shock and outcry as the removal of the United States from the Paris Climate Accord. Perhaps the underlying problem is that the accord, which trump described as “draconian”, was seen as a step in the right direction for so many others. At its core, the accord put restrictions on companies all over the world to help decrease the effect of global warming and climate change. More than anything else, it was a symbol of our country's commitment towards protecting the environment, along with it the lifestyle of generations to come. This change in policy shifts America away from international environmental cooperation, and signals Trump’s alignment with American freedom above all else.

Thank you for meeting me here today, my name is Gabriel Ramirez and I have come to discuss a topic that affects our nation, our posterity, and the world we live in. New legislation by the Trump Administration has hacked away at the environmental sanctions that our previous presidents had made, setting us back in years of progress. Trump has stated that he wishes to cut back on federal overreach of climate friendly practice in business, and has put american jobs ahead of environmental preservation, something President Obama advocated against doing. Trump explained during a speech on his recent legislation, "My action today is latest in steps to grow American jobs," and is "ending the theft of prosperity." What Trump fails to realize however

President Obama proposed the Dodd-Frank Act in 2009. The bill went through many changes in congress. The final bill affects all federal financial regulatory agencies and pretty much every part of the financial services industry. This bill came down hard on Wall Street. The Act not only created reform but bailed out some of the larger banks to try and prevent the financial crisis from

government’s regulations have little to no effect on the environment. In the article “The Many Problems Of The EPA’S Clean Power Plan And Climate Regulations: A Primer”, Nicolas Loris provides a surprising perspective of U.S. environmental policy. Loris himself claims that, in the U.S., electricity generation accounts for the largest source of carbon dioxide emissions. He then goes on to add that reducing this source of carbon dioxide would have a minuscule effect on a worldwide scale. On top of this, even if the U.S. cut all of its greenhouse gas emissions, it would not slow the effects of global warming (Loris 5). In other words, Loris claims that even if the U.S. were to enact stricter regulations, pollution from other countries would overshadow any potential

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank) is the recent federal legislation that was enacted following the 2008-2009 global financial crisis that some have deemed as “the worst financial crisis since the Great Depression”. Regulatory reform of the financial system is an urgent priority as the recent financial crisis exposed some of the fundamental weaknesses in the financial regulatory system of the United States (Wilmarth, 2011). The response of

“Too Big to fail” was first known in a 1984 Congressional hearing where Congressman Stewart McKinney discussed the Federal Deposit Insurance Corporation’s intervention with Continental IIIinois. The idea interprates that certain financial institutions are so large, if any of them fails, it will bring an unexpected disastrous effect to the economy. As we all known, the 2008 financial crisis had arose the “too big to fail” problem to the peak controversial point. Banks, insurance companies, auto companies are part of the big company industry. They make profit by creating and selling complicated derivatives and trading loans, commodities and stocks. When the big economic environment is prosperous, those big companies make a competitive

The Dodd Frank law has affected basically the entire financial industry in one way or another, including limiting the ability of banks to engage in “risky” investments, and created oversight agencies for financial institutions and consumers alike. It was enacted after the financial crisis of 2008-9, and was aimed at preventing the creation of banks “too big to fail”.

Throughout the world there are major corporations that have a huge impact in the economy in more ways than one can imagine. These companies have been entwined so deeply into the economy that the government has made an effort to intervene in order to prevent these companies from failing. Because of this the term “too big to fail” was coined. In its most basic form this is essentially the belief that if an enormous company fails, it will have ripple affects that could weaken the economy significantly.

Systemic Risk is the risk of the collapse of the entire financial system, Kay (2008) defined it as ‘the tendency for the failure of a financial services business to have an impact on many other businesses.’ [ 16 ] The key to solving the problem of systemic risk is by naming and taxing the TBTF firms and this will minimize systemic risk and it will level the playing field for firms who do not have the same guarantee of financial support as TBTF firms do.

It is worth noting that Obama’s administration re-framed threats to the environment as a security issue and his National Security Council communicates to the public how our nation’s security is connected to oil, energy and water resources (Whitehouse.gov, 2014). In addition, his administration has implemented various environmental initiatives aimed at protecting the infrastructure of America. Several environmental initiatives have been enacted such as water projects, clean energy solutions, protection of America’s natural resources, a plan to reduce America’s carbon footprint, as well as preventative measures aimed at mitigating climate change, and reached a climate agreement with China (Magill, 2015; Whitehouse.gov, n.d.).

When looking at something as large as the economy, we have to realize that there is always the potential for something to go wrong. This could be something that naturally takes place due to lows and highs in business cycles, or something that is totally unnatural, like human manipulation of the market. Due to things like this we often have to set some type of regulations to keep certain factors of the economy in check. During this paper I will discuss some of the regulation packages that have been introduced in an effort to keep the economy in check. A few of these include the Glass-Steagall Act, the Frank-Dodd Act, and the Volker Rule. Furthermore, we will attempt to answer questions like, how does the Frank-Dodd address the “Too Big to Fail” problem with banks? Do you think the Frank-Dodd Act accomplishes its goal? If not, what might you suggest to correct the issue?