Description
Treasury Secretary Jack Lew talked about the importance of financial industry regulation and the effort to more closely regulate Wall Street in the wake of the 2008 financial crisis.
5 minutes
Bell Ringer Assignment
- Describe the state of the U.S. when President Obama took office.
- Explain how the financial crisis and subsequent recession affected the lives of Americans.
- What are the desired characteristics of the financial system according to Secretary Lew?
- Explain how Wall Street reforms have created a safer and stronger financial system.
- Describe why banks are now required to hold more capital.
- What are the enhanced requirements for the largest 31 financial institutions in the United States? Why are these necessary according to Secretary Lew?
- What is the Financial Stability Oversight Council (FSOC)? Describe its role and approach.
Participants
Jacob "Jack" J. LewSecretary, Department of the Treasury131 Videos
Vocabulary
- Capital
- Creditors
- Financial Regulation
- Financial Stability Oversight Council
- Financial Stress Test
- Foreclosure
- Leverage
- Liquidity
- Living Will
- Recession