GAO Calls For Timeframes On Dodd-Frank Implementation
The U.S. Government Accountability Office (GAO) has released a comprehensive report on the government’s role in aiding large banks during the crisis, and how well new regulations can be expected to prevent bailouts the next time we have a recession. For anyone who’s been paying attention the last few years there isn’t a lot of new information, but the lack of clear recommendations and the lack of action is pretty underwhelming.
GAO report explains government bailout programs
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