Professors Clare Coleman and Debra Speyer Offer Commentary on Finance Reforms in the Philadelphia Business Journal
June 13, 2011 — Professor Clare Keefe Coleman and Adjunct Professor Debra G. Speyer identified persisting vulnerabilities in the financial system in an op-ed column that appeared in the Philadelphia Business Journal.
Coleman and Speyer observed that the Dodd-Frank Act, which sought financial-system reforms to protect consumers, left numerous troublesome holes. Gaps the professors cited in the law include a failure to address flash crashes caused by computer-based trading and the vulnerability of nonprofits that unwittingly receive donations from swindlers like Bernard Madoff to recovery claims from fleeced investors.
The column appeared in the June 10, 2011 edition of the newspaper.
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