Regulation has been equated with “whack a mole”, steps are taken that solve immediate problems, yet new problems develop. Review the major US federal regulatory initiatives in/on the finance community of the last ~20 years. Why were these laws implemented and what has their impact been? Using the banking industry as an illustration, give specific examples of the causes of the rules and the results of the rules.

Regulation has been equated with “whack a mole”, steps are taken that solve immediate problems, yet new problems develop. Review the major US federal regulatory initiatives in/on the finance community of the last ~20 years. Why were these laws implemented and what has their impact been? Using the banking industry as an illustration, give specific examples of the causes of the rules and the results of the rules.