Question

In the aftermath of the Great Recession, President Obama signed a financial protection measure to protect taxpayer money from another bailout and inflated mortgage prices is know as

A)

Gramm-Leach-Bailey Act


B)

Financial Services Moderation Act


C)

Dodd-Frank Wall Street Reform and Consumer Protection Act


D)

Glass-Steagall Act

Answer 1

C) Dodd-Frank Wall Street Reform and Consumer Protection Act.

"The Gramm-Leach-Bailey Act" and "Financial Services Moderation Act" are two names for the same legislation, which was enacted into law in 1999.

"Glass-Steagal" was part of the USA Banking Act of 1933, separating commercial banking from investment banking.

The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law by President Obama in 2010.