Dodd-Frank on the Books, will Commercial Real Estate come out Unscathed?
The Commercial Observer reports: Real Capital’s Executive Vice President and Global Chief Economist, Dr. Sam Chandan, describes the immediately apparent implications of the recently-passed Dodd-Frank Act on capital sectors in this article for the Commercial Observer.
On the passing of the controversial financial reform act, Dr. Chandan states that, “Ongoing disagreements over how to preclude another crisis will persist, as do disagreements over what triggered the crisis. There is the potential for reform and improvement in every aspect of the financial system. The characterization of the crisis, however, still suggests an unwillingness to acknowledge systemic failures, indicating shortsightedness on the part of policy makers and consumers in addition to the nation's financial engineers.”
Dr. Chandan points out that the government feels as though it has identified what precipitated the most recent economic crisis and, in the Dodd-Frank Act, created a law that will prevent these problems in the future. He also states, however, that to the extent that world economies are more integrated than ever, so too must be the response to financial reform. For more on Dr. Chandan’s opinions of the Bank of International Settlements’ Basel Committee on Banking Supervision and how he sees the Dodd-Frank Act effecting the US, please see the original article on the Commercial Observer’s website.
View the full article on The Commercial Observer: Dodd-Frank on the Books, will Commercial Real Estate come out Unscathed?
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