RJA #10a: Thesis Statement

Research Question:
Should there be government oversight of banks and financial industries, or would a new accounting standard be enough to stop a recession?
Precise Claim:
There should be government oversight of banks and financial industries, and a new accounting standard would not be enough to stop a recession, although it would help to forecast a possible recession.
Reasons/blueprint:
Government oversight of banking and financial industries was created after the Great Depression in the New Deal, and it was created to make sure there was a committee that would oversee banks and create confidence in the American public that the government would not let another Great Depression happen.
Accounting reports help the government and other’s to recognize if a company is in danger of going bankrupt or if they are defrauding the public and investors. A new accounting standard that made companies more transparent to people reading those reports would help to identify signs and symptoms of a possible future recession.
Complete thesis statement:
There should be government oversight of banking and financial institutions, and a new accounting standard should be implemented and enforced, to ensure that the American people and the Government are not defrauded by companies that hide profits and losses in accounting reports.