Economics Essay Example | Topics and Well Written Essays - 1500 words - 30

Economics - Essay Example were considered â€Å"too-large-to-fail† (reference?)because of the substantial public interest involved in their continued operation, and thus it was generally taken for granted that government will bail them out. Coupled with this is the â€Å"shift towards more self-regulatory rules that permitted US investment banks to increase leverage and reduce diversification under pressure of competition† (Coffee, 2009, p.1). No reference â€Å"functional regulators† or is there no need to? GAO is the source of the phrase. Its inclusion within the same sentence as having expressed the idea, then followed by another citation at the end of the paragraph, are sufficient. A concern expressed by the US Government Accountability Office (GAO) is that while the different activities were allowed within the same bank, they remained subject to â€Å"functional regulators† (***reference***)where federal authorities (such as the SEC or CFTC) had jurisdiction over specific financial products or services. This resulted in multiple regulators overseeing different business lines within a single institution, and obscured the lines demarcating their areas and making regulation more difficult (US GAO, 2009). Should Clarification on Dodd be made? Or there is no need to? Well, this is the only bill currently passing Congres. Having to clarify it will waste wordcount which we don’t have. I’ll just replace Dodd with the word â€Å"proposed†. In the US, the origin of the 2008 subprime market crisis, reforms being sought are incorporated in the Dodd(?)banking reform bill that has been passed by the House of Representatives and which is being considered in the Senate. is there grammar correct on the following? Yes, these are parts of an enumeration. We could put them as bulleted phrases, but some profs don’t want the paragraph form disturbed in the case of essays, so they don’t want bulleting. Reference for Keynesian and Hayek ? Keynesian and Hayek are staple cornerstone theories, named