Could Dodd-Frank Prevent Another Financial Crisis?
Friday, July 13, 2012
Those two years have seen no shortage of big bank scandals, many of them recent. Barclays admitted to manipulating the LIBOR interest rate. JPMorgan suffered a multi-billion trading loss. Commodities brokerage firm MF Global collapsed. Then this week, another brokerage firm, PFGBest, filed for bankruptcy, and $215 million in customer money appears to be missing.
Rana Foroohar of Time and Joe Nocera of the New York Times weigh in on whether Dodd-Frank would have prevented these snafus if it had already been in place and discuss how effective the law will be once all the rules are written.
Then, in this age of 24/7 email and information overload, how responsible should companies be for making sure their employees unplug and get some sleep? Should companies be responsible for their workers' health?
Plus, a look at what will make news in the weeks ahead.