Question and Quote Essay Example | Topics and Well Written Essays - 500 words

Question and Quote - Essay Example This action is to strengthen the financial structure of the country through the regulation of the individual institutions and the promotion of the interdependence of the financial firms and the participants of the financial system (Morgan Lewis Website, 2009, p.1; US Department of Treasury, 2009) The need for the improvement of the regulation of financial firms had been realized during the latest financial crisis due to the credit boom and housing bubble. This triggered the need for reformation of the financial system (Walker, 2009, p.1). The action of the US government is an immediate response to the need of the nation. There are comments and criticisms on the limitations of the Financial Regulatory Reform. On a personal point of view, the US government made an immediate effort to act upon the financial crisis, thus, it is commendable. This hindered the worsening of the situation. At such a short period of time, alertness had been a crucial strategy. II.