Faculty News

Prof. Stephen Figlewski on changes to Dodd-Frank in the "CRomnibus" spending bill

Excerpt from PolitiFact -- "Only a small number of the derivatives deals could be considered 'incredibly risky,' [Figlewski] told us, noting that because of other Dodd-Frank provisions, derivatives have become considerably less risky. And while it is true that taxpayers bear some risk, given that the government guarantees banks as a whole, the risk to taxpayers 'is much less than (Pocan) wants you to think,' Figlewski said."

Read more