Title: Financial Markets and Institutions

1. How completely does the Dodd-Frank Act of 2010 reform Wall Street?  According to your research, is the Dodd-Frank Act ready to be implemented? Why or Why not?

2. Explain what a "flash crash" is?  Provide current examples.  Can any type of legislation prevent this type of financial crash?

3. There are three people on the short list to be appointed the new Federal Reserve Chairman in 2014: Larry Summers, Janet Yellen, and Donald Kohn.  Given the outstanding issues on Wall Street, which one of these individuals may be the best chairperson? If you have another individual in mind, please explain this. 

Number of words: 1,740 (5.5 pages)