Which of the following major financial legislations do you think is not achieving the goal it was intended, and why?

Federal Reserve Act (1913)

McFadden Act of 1927

Banking Acts of 1933 (Glass-Steagall) and 1935

Securities Act of 1933 and Securities Exchange Act of 1934

Investment Company Act of 1940 and Investment Advisers Act of 1940

Bank Holding Company Act and Douglas Amendment (1956)

Depository Institutions Deregulation and Monetary Control Act (DIDMCA) of 1980

Depository Institutions Act of 1982 (Garn-St. Germain)

Competitive Equality in Banking Act (CEBA) of 1987

Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989

Federal Deposit Insurance Corporation Improvement Act (FDICIA) of 1991

Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994

Gramm-Leach-Bliley Financial Services Modernization Act of 1999

Sarbanes-Oxley Act of 2002

Federal Deposit Insurance Reform Act of 2005

Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010