Financial Regulations Law Implementation

Officials testified on implementing provisions of the 2010 financial regulatory law, the Dodd-Frank Act. The act regulates so-called… read more

Officials testified on implementing provisions of the 2010 financial regulatory law, the Dodd-Frank Act. The act regulates so-called “too big to fail” financial institutions and companies that pose a systemic risk to the entire economy.

Federal Reserve Chairman Ben Bernanke said if Congress did not agree to raise the debt limit “the financial system would again destabilize, which would have extremely dire consequences for the economy.” FDIC Chair Sheila Bair said efforts to repeal the law would be “very harmful” and would be an “open invitation to bailouts.”

During the hearing, the committee also voted 12-10 along party lines to approve the nomination of Peter Diamond to be a Federal Reserve Governor. This was third time the committee has approved Mr. Diamond’s nomination. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

People in this video

More People

Hosting Organization

More information about

Financial Regulations Law Implementation

570 Views
Program ID:
299471-1
Category:
Senate Committee
Format:
Senate Committee
Location:
Washington, District of Columbia, United States
First Aired:
May 12, 2011
Last Aired:
May 20, 2011

Airing Details

  • May 12, 2011 | 8:44pm EDT | C-SPAN 2
  • May 13, 2011 | 1:08am EDT | C-SPAN 2
  • May 13, 2011 | 9:01am EDT | C-SPAN 2
  • May 17, 2011 | 2:33pm EDT | C-SPAN 3
  • May 19, 2011 | 9:22pm EDT | C-SPAN 3
  • May 20, 2011 | 3:20am EDT | C-SPAN 3
Purchase a DVD or Download

Financial Regulations Law Implementation

  • DVD
    Length:
    01:58:06
    Price:
    $29.95
    Add to Cart
  • MP4 video - Standard
    Length:
    01:58:06
    Price:
    $4.99
    Add to Cart
  • MP4 video - Low
    Length:
    01:58:06
    Price:
    $3.99
    Add to Cart
  • MP3 audio
    Length:
    01:58:06
    Price:
    $0.99
    Add to Cart

Clips from This Video