Could Dodd-Frank Protect us from a Eurozone Meltdown?
By Suzy Khimm
Published November 4 2011 Washington Post
One of the most remarkable features of the 2008 financial crisis was how few people saw it coming—either on Wall Street or in Washington. To prevent a repeat event, the authors of Dodd-Frank created the new Office of Financial Research, devoted to gathering and analyzing information about systemic risks and other threats to the US financial system. Supporters say that it could help assess, for instance, the kind of counterparty risks that US financial institutions would face if the Eurozone debt crisis turned into a true financial meltdown.
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