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Wall Street Reform

Wall Street Reform refers to a series of regulations and laws aimed at improving the stability and transparency of the financial system, particularly after the 2008 financial crisis. Led by the Dodd-Frank Act in the U.S., these reforms include measures to prevent risky business practices, enhance consumer protections, and increase oversight of financial institutions. Key components focus on reducing speculation, ensuring that banks hold enough capital to absorb losses, and improving accountability in the financial system. The goal is to protect the economy and consumers from future financial disasters.

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    Wall Street reform refers to a series of regulations and laws aimed at improving the stability and transparency of the financial system following the 2008 financial crisis. Key changes included stricter oversight of banks, higher capital requirements to reduce risk, and measures to protect consumers from predatory lending and investment practices. The goal was to prevent reckless behavior in financial markets, ensure fair practices, and safeguard the economy from future crises. Prominent legislation, like the Dodd-Frank Act, introduced these reforms to enhance accountability and reduce the likelihood of another economic collapse.