Product Overview

Set in the spring of 2018, the US Congress contemplated changes to the Dodd-Frank Act in an effort to improve financial regulation in the United States. The case offers details on the slow recovery from the financial crisis of 2008, on protest and political movements that ensued, on the Dodd-Frank Act of 2010, and on 14 proposals for new financial regulation. As of 2018, Senator Elizabeth Warren and Representative Jeb Hensarling offer differing regulatory agendas for the financial services industry in the United States. This class has been taught successfully in Darden in-person and online classes.

Learning Objectives

•Review the civic reactions in the aftermath of the financial crisis of 2008. Though the financial crisis nominally ended in 2009, it affected civic discourse for many years later—this is a regularity of financial crises. •Exercise concepts in the political economy of financial regulation. What explains the sustained controversy over remedies to the financial crisis of 2008? From the vantage point of a decade later, how does the Dodd-Frank Act stand in the views of its proponents and critics? •Assess the problems exposed in the financial crisis of 2008 and the policy dilemmas around proposed remedies. How do proposed regulations address the problems, and what priorities do those proposals reflect? This case challenges the student to identify problems and prescribe appropriate remedies.