...FISV 3040 Money & Capital Market Research Paper On Financial System Reform Presented to Professor Jean Holt October 29, 2015 Prepared by Yi Que Abstract: 1998-2013: An Analysis of the Tangible and Intangible Costs of Financial Regulatory Reform and Deregulation (The Financial Institutions Deregulation and Reform Act 1999* and the Dodd-Frank Act 2010) on United States Capital Markets and Institutions as measured by Debt Loan Types and Bank Profitability. Key words: Glass-Steagall Act, Financial Institutions Deregulation and Reform Act, Dodd-Frank Act, investment bank, financial statements. II. Table of Content I. Cover Page1 II. Table of Content2 Abstract, key works2 III. Introduction3 IV. Statement of Problem5 V. Background12 V. Results from Research & Summary13 VI. Works Cited 14 III. Introduction United Sates financial reform dates from the last century, in 1930s’ Great Depression. To have a brief talk about US financial reform, which is a long and arduous project. Aim to reach the goal that has to include three important acts: Glass-Steagall Act, Gramm-Leach-Bliley Act, and Dodd-Frank Act. Throughout history, the financial system in US has experienced the mixed operation and separated operation processes, as well as various financial institutions and regulatory authorities continue to be perfected. US financial reform and innovation continue to promote the US economy continues to develop and progress. Next, I will briefly introduce each act in the basic...
Words: 2861 - Pages: 12
...prohibition. -child welfare Child welfare was a reform that people didn’t see to clearly because they would leave their kids to do the work of a grown person. There were many problems with that parents would have very tired kids that have been working all day which cause them to miss school and other kid things. A few people and places that helped make this better were Lillian Wald on Henry street settlement in New York. The federal children’s boreal helped keep the children out of these sweat shops. -Prohibition Alcohol was a major part of woman getting beaten up by there husbands. The woman’s christen temperance union (wctu) were one of the main people to help stop the sell buy and producing of alcoholic beverages. Frances Willard was the head of the wctu from 1879 to 1898 which made the wctu force for temperance and for the rights of women -civil rights Many people were not allowed there rights such as being a girl and being able to work. African Americans fought for some of the same rights as white people such as ending poverty expanding child welfare. The national association of colored women was one of the largest organizations of African American women which were founded in 1896. By the 1916s the organization had more than 100,000 members and campaigned against poverty and segregation and, lynching. To conclude my presentation of one of the three most important reforms Id like to state that the prohibition reform was the worst one because people would get abused...
Words: 292 - Pages: 2
...intelligent well educated athletes. There are just as many athletically talented academics. Either/Or 3. Any change in healthcare will lead to socialism; we don’t want to live in a socialist country, so we can’t reform health care in any way. To say that reforming healthcare would completely change how society operates is a giant leap. There can be healthcare reform without creating a socialist United States. Slippery Slope 4. All teenagers’ text while they drive, therefore we should raise the driving age to 21. To say all teenagers is an inaccurate generalization. To raise the driving age to 21 would solve the problem of teen texting while driving is not logical. Hasty Generalization 5. If we don’t all drive hybrid cars, the world will end in the next decade of environmental damage. There is no evidence to support a claim that the world will end in 10 years if we do not all switch to hybrid vehicles. The statement goes straight to the most dramatic result conceivable however unlikely it is. Slippery Slope 6. Senator Range has been seen entering a strip club; therefore his economic reforms are not plausible Though perhaps immoral to some, such action has no bearing on the ability of the Senator to create plausible economic reform. One of these actions is part of personal life, the other is an action specific to professional life. Red Herring 7. Everyone else is getting rid of TV therefore we should too. The only argument presented is...
Words: 490 - Pages: 2
...influential ways to make a difference, and there truly is a way for everyone to express their feelings. There’s art, literature, videos, photography, giving each person a way to be artistically heard. Media gives an individual who may feel like a speck in the world, a bullhorn so they can be heard by millions. Media doesn’t just reach to the people who it was originally directed to, it can reach to many different groups of people and eventually the world, making it an empowering way for your opinion to be heard. It seems like whenever there is a political debate or the news is on, issues regarding schools are constantly brought up. School reform is something that our government is always trying to regulate, but are these politicians always the best qualified to make the decisions about schools? Students are never asked their opinions on the reforms and laws that are directly impacting their education and consequently their lives. Documentaries are frequently made regarding issues in schools, but they are from the point of view of people not directly involved in the issue, giving it an outside clear view on what the issue truly...
Words: 255 - Pages: 2
...During the turn of the 19th century, Toronto became part of the industrialization and urbanization phase. With that came the migration of single women to the city, women who left their small towns in order to find paid jobs in the city of Toronto. These were young single women who broke free from the unpaid working women of the past, although their freedom to work came with a price. While these young working girls were trying to make into the world, many discouraged such notions of working in the city factories and shops due to the idea that these women would jepordize their shift into a housewife or motherhood. This idea was known as the girl problem, a delimma that needed to be dealt with because of the cross between exploiting women for cheap labor or creating women who would be healthy, respectable mothers someday. While these women worked to stay alive, they were given low wages, while men who worked were paid much higher. Their freedom as working women who spent their time working during the day and shopping and entertaining themselves was looked upon as suspicious. Due to suspicions of women working, the police developed a way of monitoring what women did in the public sphere. Also an oganizaiton known as YWCA became over-seerers of women, they began to deecide wh was a retspectable women or who was a deviant in society. Many of these women just wanted to have the same freedoms that a single man might have, they face discrimintation in the workplace and were serverly...
Words: 872 - Pages: 4
...Maitri A Shah English 4/12/2016 Should immigration laws be reformed Promising freedom and opportunity, the United States attracts individuals to come to the USA. But the current immigration system in the united states is broken: families are isolated, immigration workers are exploited, people die trying to cross the border, and there is rampant discrimination. The government should be for reforming immigration laws because it keeps families together and creates rational process of citizenship for new Americans etc. The first reason why immigration should be reformed is economy benefits by immigration reforms. Immigration reform would increase U.S. GDP by at least 0.84 percent. According to the American immigration council, “This would translate into at least a $1.5 trillion cumulative increase in GDP over 10 years, which includes approximately $1.2 trillion in consumption and $256 billion in investment”. Second, immigration system can uphold children’s basic human rights and ensure access to critical public services, programs, and economic supports for children and their families. It can ensure that children receive legal representation before all immigration authorities and, for all unaccompanied children, the appointment of an independent child advocate from the moment of detention throughout the course of any immigration or other related court proceedings. The other reason is it keeps family together Under today’s broken immigration system, many...
Words: 364 - Pages: 2
...Sunnie Merritt English102 (online) Expository Essay July 29, 2010 Confusion Over the US Health Reform Bill The latest poll out today from the Kaiser Family Foundation, a nonpartisan health-care-policy research organization, says only 27 percent of the public has been following the 2010 health reform debate closely. Despite this, more than half (56 percent) of Americans think health reform is more important than ever. Very smart people are zoning out of the health care reform debate because they think it’s just too complicated. The complexities of US health reform are a problem, because American citizens and politicians cannot make good decisions about an issue they do not clearly understand or have been misinformed. Defining the goals of reform is relatively easy. Implementing them is tough and that’s where people are made to feel stupid - partly by special interest groups who intentionally or unintentionally confuse the debate. According to John Lapook in an article posted on CBS News.com, at least one senator admits he has no intention of reading it. "I don't expect to actually read the legislative language because . . . the legislative language is among the more confusing things I've ever read in my life," Sen. Thomas Carper (D-Del.) quotes to online news service in the article. Carper told CBSnews.com that the bill was "incomprehensible" and "hard stuff to understand. Carper stated he doubts his fellow members of the Senate Finance Committee will read their handiwork...
Words: 1130 - Pages: 5
...her natural resources, (Hans, et al: 2009).Land is an economic resource as well asan important factor in the formation of individual and collective identity, and in the day-to-day organization of social, cultural and religious life. It is also an enormous political resource that defines power relations between and among individuals, families and communities under established systems of governance (FAO: 2006). Land reforms involve the changing of laws, regulations or customs regarding land ownership. Land reforms may consist of a government initiated or government- backed property redistribution, generally of agricultural land. In sight of the above, land reform can therefore refer to the transfer of ownership of land from a relatively small number of wealthy owners with extensive landholdings such as plantations, large ranches, or agribusiness plots, to individual ownership by those who work on the land. Such transfer of land may be with or without compensation; compensation may vary from token amounts to the full value of the land (Esirkepov, T: 1999).Land reforms may also entail the transfer of land from individual ownership even peasant ownership in smallholdings to government- owned collective farms; it has also, in other times and places, referred to the exact opposite: division of government- owned collective farms into smallholdings. The...
Words: 4318 - Pages: 18
...Seminar 3 Short Paper – Healthcare Reform Philosophy of Ethics Healthcare Reform According to Teitbaum & Wilensky (2007), policies developed in different industries form an integral part of how individuals perform various activities aimed at assisting the society. Signing of Patient Protection and Affordable Act by the United States by President Barrack Obama led to a lot of changes in the health sector. The introduction of healthcare reform in the health sector act brought about many reforms that ensues affordable healthcare services to all regardless of financial status. The healthcare reform ensures every American citizen has a private or government insurance to take care of their hospital bills. In addition, more than 60% of citizens have their insurance covered by employers while Medicaid covers most low income earners, disabled people and people over the age of 65. Healthcare reform has introduced both virtue ethics and care ethics in the health sector through human resource capacity building and development and knowledge sharing as well as information management systems. The ethical issues that relate to health care requirements should ensure that clinicians and physicians have adequate training on how to handle ethical values in health problems. The health care practitioners are obligated to understand the ethical frameworks as well as moral theories related to influencing health care practices positively. Healthcare reform must follow a clear moral foundation...
Words: 821 - Pages: 4
...Health Care in India, Ireland, South Korea, and United States Global Health Abstract The World Health Organization (WHO) defines universal health coverage as everyone having access to needed health services without the financial hardship that can follow (WHO, 2013). Health care should be accessible to all citizens, appropriately funded, provided by trained professionals, and affordable to all citizens. Health care changes from country to country in multiple aspects including: cost, availability, and private health care verses socialized health care. The cost of health care and government assisted health programs can take a big toll on the overall spending and reliability of a countries health system. Each country has their own strengths and concerns in regards to their health system. There is not one health system that will work for every country because every country has a different government organization, differences among the population, and other country wide concerns that impact the country as a whole. India is the seventh largest country located in South Asia populating about 1.2 billion people. It is roughly one third the size of the United States and the capital New Delhi still resides the majority of the population, housing about 22 million people (CIA, 2013). India does not have a universal health care system in place, although the government is working on a plan (Luthra, 2012). India has government funded public hospitals and private hospital...
Words: 3826 - Pages: 16
...ALLOYON let me extend our over whelming thanks giving and our deepest gratitude and appreciation. I would like also to express my gratitude towards to my parents who gave us a support, of giving us money to work on this assignment. Let me give my greatest and deepest gratitude to all of my Classmates, Sir, Ma’am, thank you very much. INTRODUCTION Why do we need to borrow money? There a numerous reasons for the borrowing of money but common ones are; home loans, purchasing of cars, insurance, purchasing of business companies etc. People borrow money in general because they either can’t afford something or they have no money in cash, so they borrow from the bank, the disadvantage however is that you have to pay it back, and what people don't realize is that the bank adds interest to the overall payment if you pay it over a period of time which is not in the month requested by the...
Words: 5047 - Pages: 21
...Abstract The purpose of this researcher paper to compare health care systems in three highly advanced developed countries: The United States of America, Canada and Germany. The first part of this research paper will focus on the portrayal of health care systems in the above-mentioned countries, while the second part will examine, evaluated and compare the three systems. Finally, a synopsis of recent changes and proposed future reforms in theses countries will be provided as well. The U.S. Health Care System in Perspective According to (The World Bank Group, 2012), the United States is one of the wealthiest nations in the world. The U.S. health care delivery system is complex and massive. It is ran by the government and financed through general taxes. 49.9 million Americans were uninsured in 2010 and 256.2 million were insured (Stark, 2012). The U.S. health care delivery is divided into many sub systems: Managed Care, Military, Vulnerable Populations and Integrated Delivery. Managed Care seeks to achieve efficiency by integrating the basic functions of healthcare delivery. It is the most leading health care delivery system in the United States and is available to most Americans. Employers and government are the primary financiers of managed care. The Military medical care system is available free of charge to active duty military personnel of the U.S. Army, Navy, Air Force and Costal Guard. Certain uniformed nonmilitary services such as the Public Health Services and...
Words: 664 - Pages: 3
...Chinese Healthcare System. From establishment of the People's Republic of China till now, the Chinese healthcare have a lot of changes and revolutions. Due to the special social and economic structure, Chinese healthcare system is different from other countries healthcare system. This article will explain how dose Chinese healthcare system work? What problems dose it have? How can we manage those problems? Background After the establishment of the People’s Republic of China in 1949, the country was recovering from the chaos of long conflicts both internally and with Japan. As a result, Chinese health conditions had declined, with health indicators at the lowest level compared with other countries at a comparable level of development (World Bank, 2004). In this period, communist party who have the whip hand support the model of the 20th century communism ideology, and trust people should to be represented by the government, should have all production together: without the private department. Formation of the Chinese healthcare system. Therefore, since 1949, the Chinese government has gradually established a free medical care, labor insurance and cooperative medical care system as the main content of the health care system, and initially formed a socialist country's health care system. The government owned, funded, and ran all health care facilities, including large hospitals in urban areas and small township clinics in the countryside. All providers were employees of the state...
Words: 2606 - Pages: 11
...Although Alexander III enacted some social and economic reforms, most importantly those of industry, he did more to repress the people, strengthen autocracy, and remove the more liberal reforms of his father, so it would be fair to say that Alexander III was a reactionary. This was because fundamentally he was a believer in autocracy and nationality, and so only would only accept reforms that would strengthen these ideals, was necessary to keep up with other countries, or was neutral. So this hindered the social reform and progress, which was clearly wanted by some parts of the population, leading to him being defined as a reactionary. One way, in which it can be seen that Alexander II was a reactionary, was through his policy of Russification. This was a policy that was designed to unite the very diverse Russian empire into a uniform nation, in which everyone could define himself or herself as Russian and would therefore rally behind his ‘great Russian’ administration. This was however implemented forcefully. It involved harassing and repressing minorities such as Poles, Finns and Jews, forcing them to learn Russian by having all official paperwork printed in Russian and even expelling students who spoke their local language in school. This was reactionary behavior, because it stopped minorities creating their own national identities and trying to become politically independent, so here Alexander was clearly trying to hinder reform in order to try and maintain the size of his empire...
Words: 1085 - Pages: 5
...Narratives of Land: The Current State of Agrarian Reform in the Philippines ALMOST twenty-six years of implementation, still counting and with completion nowhere near in sight. This amount of time that the Philippine government has taken to implement and complete the key provisions of the Comprehensive Agrarian Reform Program (CARP) law translates to a whole generation of Filipinos, including children of farmers, who have been born at the time of the law’s passage, have grown up through the years of tentative and unfinished implementation, and reaching adulthood amid current intensified clamor for government to complete its task. CARP is now the longest running program being implemented under a democratic political system, post-EDSA 1986. It has been widely seen as the litmus test of past and present administrations’ commitment to social justice, as mandated by the 1987 Philippine Constitution. CARPER or Republic Act 9700, signed 7 August 2009, gave the original Republic Act 6657 or CARP five more years to be completed. In 1998, CARP’s land acquisition and distribution component had been given its first 10-year extension and additional funding of PhP 50 billion through Republic Act 8532. One of the main goals during the extension period should be the completion of land distribution by June 30, 2014. The program should get PhP 150 billion for five years or PhP 30 billion per year for land acquisition and distribution and agrarian justice delivery (a total of 60 percent...
Words: 2057 - Pages: 9
