46 Suffolk U. L. Rev. 185

Paper Tiger: The Validity of CFTC Position-Limit Rulemaking Under Dodd-Frank

PdfPDF by Andrew Notini · February-24-2013 · Categories: Current, Current Notes, Notes, Number 1, Print Edition, Volume 46

The passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), signed into law by President Barack Obama on July 21, 2010, was Congress’s response to the 2007 global financial crisis.  This crisis was primarily caused by the inflation of the housing bubble along with financial institutions’ risky mortgage lending and securitization practices, leading to a severe liquidity strain and credit crunch among these institutions and a near collapse of the global financial system.  Preceding these events was a period of laissez-faire financial regulation wherein major financial institutions and capital markets were largely left to regulate themselves.  The passage of Dodd-Frank marked a return to strict governmental regulation of both capital markets and large financial institutions for the purpose of re-establishing the financial stability of the United States. [...]