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The Origins of Dodd-Frank
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02:46 - 07:46 (05:00)

The Dodd-Frank Act was established to ensure that banks would maintain high levels of financial stability, particularly during a financial crisis, by enforcing federal supervision and other requirements for the 30 largest banks in the country. The act was enacted following the financial crisis from a downturn in the housing market, which revealed that many of the country's largest banks had invested extensively in the housing market through mortgages and mortgage-backed securities.

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