Wasting a Crisis: Why Securities Regulation Fails

View the full event here: https://​www​.cato​.org/​e​v​e​n​t​s​/​w​a​s​t​i​n​g​-​c​r​i​s​i​s​-​w​h​y​-​s​e​c​u​r​i​t​i​e​s​-​r​e​g​u​l​a​t​i​o​n​-​fails

Comparable to the New Deal in both scope and scale, the 2,300 Dodd‐​Frank Act of 2010 also shared reforms with the assumption that the cause of financial crisis was misbehavior by market participants. Paul Mahoney is the Dean of the Virginia School of Law. In his new book, Wasting a Crisis, Mahoney outlines narratives formulated by political actors hoping to deflect blame from prior policy errors. He offers his analysis at a Cato Institute event in May.