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Economic Perspectives, Vol. 36, 3rd, 2012
Implementing Dodd–Frank: Identifying and Mitigating Systemic Risk

The 2008 financial crisis revealed some basic flaws in our financial system and in our financial regulatory framework. Specifically, the crisis demonstrated that the failure or the material financial distress of some of our largest, most complex firms could pose a threat to the financial stability of the United States.

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