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19 November, 12:15

In the aftermath of the Great Recession, President Obama signed a financial protection measure to protect taxpayer money from another bailout and inflated mortgage prices is know as

A)

Gramm-Leach-Bailey Act

B)

Financial Services Moderation Act

C)

Dodd-Frank Wall Street Reform and Consumer Protection Act

D)

Glass-Steagall Act

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Answers (1)
  1. 19 November, 12:19
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    C) Dodd-Frank Wall Street Reform and Consumer Protection Act.

    "The Gramm-Leach-Bailey Act" and "Financial Services Moderation Act" are two names for the same legislation, which was enacted into law in 1999.

    "Glass-Steagal" was part of the USA Banking Act of 1933, separating commercial banking from investment banking.

    The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law by President Obama in 2010.
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