NYT Quotes McCarty on Dodd-Frank

Monday, Dec 15, 2014

Nolan McCarty, Susan Dod Brown Professor of Politics and Public Affairs and CSDP Faculty Associate, was quoted in a New York Times article on the spending bill. The bill, which subsequently passed both houses of congress, contains a provision that rolls back a rule affecting derivatives, the financial product that helped cause the financial crisis of 2008. In terms of how this affects Dodd-Frank legislation more broadly, McCarty said "...the worst case scenario is that they now have a playbook to go after the more important parts."