The paper should be written in FIRST PERSON, meaning the point of view of your senator. Pretend youre the senator. Ask yourself: What would my senator say?
-The first event is the repeal of the *Glass-Steagall Act, other known as the *Gramm- Leach-Bliley Act, in 1999.
-The second event is the signing of the 2008 bailout of the banks, otherwise known as the *Emergency Economic Stabilization Act of 2008, which created the Troubled Asset Relief Program *(TARP).
-The final event would be the passage of financial regulation, A.K.A. the *Dodd-Frank Wall Street Reform and Consumer Protection Act,in 2010.
1.Understanding the difference between fiscal and monetary policy
2.Strengths/Weaknesses of the Glass-Steagall Act. (what was it?)
3.Difference between investment and commercial banks.
4.Explain the *minimal capital requirements, *derivatives and *CDO *CMO?
5.*Subprime Mortgage Crisis.
6.TARP, *too big to fail?, *moral hazard?.
7.Dodd-Frank bill, *Brown-Kaufman Amendment, and the *Volcker Rule.
8.Stress tests on banks that have been administered by the Federal Reserve.