Carly Barwick, "Controversial Government Regulations on Wall Street"--Abstract

          In 2008, Wall Street experienced the largest collapses in the United States economy since the 1930s, almost sending the United States into a second Great Depression. As a result of this economic collapse, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which regulates the United States economic systems. But what defines too much government regulation? Or is there such thing as too little government regulation? This paper explores the different levels of current government regulation, as well as the discussion of further regulation. Wall Street, the head of the United States’ economic system, is in favor of little regulation while the government and American public are in favor of the government regulation Wall Street and the economic system.  Robert Pollin, an economics professor at University of Massachusetts Amherst and Sanjay Sanghoee, a banker and political and business commentator, both discuss the inevitable regulation on Wall Street, and how Wall Street will accept the extent of the government regulations.