The New Financial Deal

In The New Financial Deal, author David Skeel examines the Dodd-Frank Wall Street Reform and Consumer Protection Act, which aims to establish a new regulatory framework for modern finance. The book explores the legislation's goals, the legislative process behind its creation, and the potential implications for American finance, questioning whether it will lead to effective regulation or reinforce the alliance between government and major banks. By breaking down the key components of Dodd-Frank, Skeel provides insights into the future of American financial life and the challenges regulators may face in forthcoming crises.