Dodd Frank Will Affect You


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The Dodd Frank Act came about in response to the Recession that happened in 2008.  The financial industry as we knew it was collapsing and bringing the entire economy down with it.  The government knew that something had to be done, and that it had to be done quick.   Therefore, they come up with the Dodd Frank Act which has two major overarching goals.  The first goal was to limit the risk of contemporary finance or in other words to revise financial reform.  The second objective is to limit the damage caused by a large financial institution.

While I do believe that financial reform was necessary, I don’t believe that this type of financial reform was quite what the economy needed.  I also don’t believe that the Dodd Frank Act was carried about in the way it was supposed to be.  The Dodd Frank Act has only been a third of the way passed and it has not made the significant impact on the economy that it promised.  It is also interesting to look at the two goals.  It is interesting that we are trying to limit financial risk with same policies that we argued against in the past.  Secondly, it is interesting that the government is funding large financial institutions in order so that they won’t cause a large damage to the economy if they fail.  If pumping millions of dollars will limit this risk I would appreciate you explaining it to me because I don’t get it.

The information on this more than 300 page act is unlimited.  I have done what I believe to be a good job of compiling this information into a 21 page report from the most reliable resources.  You choose: read my 21 page report double spaced or read a mind wrenching couple hundred page document.  Either way, I do suggest you read and educate yourself because this Act will affect all of you.

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NCAA Tournament: Life of a Student-Athlete


Hey guys!  I’m sitting in my hotel room in Lexington, KY right now anxiously awaiting our game tomorrow vs. Butler.  The game is at 12:40 on TruTV if you want to check it out!

Anyway, I’ve found it very difficult to focus on schoolwork the past couple days due to the practice, travel, and just overall hoopla surrounding the NCAA Tournament.  I’ve been reading all of your blogs, thinking of cases, and researching guys like Bernie Madoff and Pete Rose.  This blog and class is a great example of why I love Bucknell so much – I’ve learned and experienced so many valuable things in my 4 years here.  I love the fact that student-athletes are expected to get ‘it’ 🙂 done in the classroom just as much as in their respective sport.  A lot of people in the media criticize the NCAA or specific universities for using the term ‘student-athletes’ too loosely (read this story about about Steven Kaspar on our team: http://www.cbssports.com/general/blog/gregg-doyel/21918004/bucknell-problems-are-nerd-stuff), but at Bucknell, the term shines bright in my opinion.  And I love that!

Where am I trying to with this… Well, after not being able to find a topic/case for my paper after thinking about it the past couple days, I think I am going to write about the issue surrounding NCAA athletes and how they cannot be paid by their universities.  Today I was asked by a reporter if the academic rigor at Bucknell helps us as players on the court.  It was an interesting question and one that not too many people have asked me in the past.  It made me think, and I ultimately said that yes, it does help us on the court, but our experiences on the court help us as students, too!  I’ve gone through a lot of ups and downs throughout my four years here at Bucknell — in the classroom, on the court, and MANY places in-between.

I get frustrated when people write off athletics as non-stimulating and not a ‘learning experience.’  I get equally as frustrated when I read of players at universities not going to class or not valuing their education.  I get even MORE frustrated when I hear of people who just do their homework all day or just play their sport all day.  There are many, many things to enjoy in life and while being dedicated in driven is important, so is balance! 

So in regards to my paper, I’m going to argue that student-athletes should be paid.  Not because they are ‘special’ or ‘privileged’.  Rather, because their job is just as important, and just as much as meaningful as a summer internship or working as a tutor.  If you don’t agree with me, that’s fine, that’s your opinion.  But I’ve learned so much from being an athlete and I think my career has helped me mature and develop to be the person I am today.

Alright, I’m off to bed.  ‘Ray Bucknell!!!