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White Paper: No Financial Crash Yet Thanks to Dodd-Frank and Banking Reforms

Attempts to address the pandemic health crisis have required a synchronized, global economic shutdown, leading to nearly Great Depression-levels of unemployment and economic contraction. The speed and depth of the economic downturn have in many ways been far worse than anything experienced during the Great Recession of 2007-2010. Fortunately, however, this has not (yet) led to a crash of the banking system, as happened in 2008. The question is why?