A little more than two years ago, governments in the Western hemisphere looked into a financial abyss of unprecedented scope in modern times: The U.S. housing bubble had burst on the back of subprime loans. The resulting financial meltdown eventually led to a severe recession and the demise of some of Wall Street’s most venerable names. Given the drastic consequences, it was inevitable that the U.S. Congress would act. The Dodd-Frank Wall Street Reform and Consumer Protection Act was one of the chief results. But according to a recent survey by Knowledge at Wharton and the Enhanced Business Reporting Consortium, U.S. businesses do not appear to have much confidence in the legislation. This paper looks at the results of the survey.
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