Four years after the financial crisis of 2008, America’s economic future hangs in the balance, teetering on the edge of a double-dip recession. The risky investment behavior on Wall Street that led to our initial economic crisis persists. The government attempted to address the problem through the Dodd-Frank Act, but its regulatory effectiveness has been diluted by its hundreds of complex rules and heavy industry lobbying against its implementation.
Vermont Law School Professor Jennifer Taub will address the persistence of risk in our financial system, and the government’s shortcomings in its regulation. She will analyze whether riskiness is inherent in the industry, or if regulatory loopholes have allowed irresponsible behavior to thrive. Finally, she will present alternatives for reforming the industry that could help avoid future economic crises.
Jennifer S. Taub is currently an Associate Professor of Law at Vermont Law School; she researches and writes in the areas of financial reform, corporate governance, and mutual fund regulation. Professor Taub joined the faculty of Vermont Law School after serving as coordinator of the Business Law Program at the University of Massachusetts Amherst, Isenberg School of Management. Prior to joining academia, she was an Associate General Counsel with Fidelity Investments. She has written extensively on the financial crisis, including a case study on American International Group available in the online edition of Monks and Minow's Corporate Governance. In addition, she has published "The Sophisticated Investor and the Global Financial Crisis," in Corporate Governance Failures: The Role of Institutional Investors in the Global Financial Crisis (Hawley, Kamath, and Williams, eds).
Please join us for Professor Jennifer Taub’s talk, “The U.S. Financial System: Still Risky after All These Years,” in Rockefeller 003 at 4:30 pm, November 1, 2012.