Question

In the aftermath of the Great Recession, President Obama signed a financial protection measure to protect tax payer money from another bailout and inflated mortgage prices is known as
A) Gramm-Leach Bliley Act


B) Financial Services Moderation Act


C) Dodd-Frank Wall Street Reform and Consumer Protection Act


D) Glass-Steagall Act

Answer 1

C is the correct answer.

A + B were both passed in the 90s (they are the same thing) while Glass-Steagall was signed in the 30s as a response to the Great Depression.

The Dodd-Frank Wall Street Reform and Consumer Protection Act was created by Senator Chris Dodd and Representative Barney Frank and put in place many reforms for Wall Street. It was signed by President Obama in 2010.