Carly Barwick, "Controversial
Government Regulations on Wall Street
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.