“Paving the Road to “to Big to Fail”: Business Interest and the politics of Financial Deregulation in the United States” by Sandra Suárez and Robin Kolodny, discusses the connection between public policy makers, polices, and business alliances. The article analyzes the time period of the financial crisis in 2007-09 to critique the political process leading to the FMA, the Financial Modernization Act. The result of the review of FMA’s process concluded in finding several factors such as: “political institutions, international competition, the ideological converges of the Republican and democratic parties and the political interest of financial industry actors”; that contributed to the establishment of the FMA. The FMA is an act that repealed depression-era regulations, allowing commercial banks to enter the securities and insurance business and vice versa established in 1999. This goes into proving “to big to fail” by condoning the emergence of largely unregulated diversified financial institutions. “To Big to Fail” is basically the story of the financial crises of 2007- ’09, when “wall street and Washington fought to save the financial system.. and themselves.” Overall the topic would be how the certain relationships among policy makers and business alliances set up certain financial situations, narrowing down into specifically how did the FMA process correlate with the crisis of 2007-09? This is a correlation study, where the data types consist of organizational data, historical and reports of acts data. Patterns and historical review will locate some of the data used, but also public and private records will help. To analyze the data intake they used categorical data analysis in comparing company and governmental positions. You can Find this article at the Armocost Library in the Journal “Politics and Society” Volume 39 Number 1 March 2011 a Sage Publications Production.

Suárez, Sandra and Kolodny, Robin. “Paving the Road to “to Big to Fail”: Business Interests and the politics of Financial Deregulation in the United States.” Politics & Society 39, no.1 (2011): 74-102.