1. Do Dodd-Frank and the Credit CARD Act benefit or harm consumers? Please discuss the intended and unintended consequences.
2. What is the difference of income and cash provided by operations equal to? Also what does it mean when there is a negative number.
3. Do institutional investors exhibit herding behavior? If so, what are the causes of this behavior and what are the effects on small investors? If not, provide an alternate explanation for large price swings in equity and debt markets.