Fair Game: Wake Up The Banking Police

Wochit 1:18 mins

The Volcker Rule has landed. Will the United States financial system be safer and sounder as a result? That’s the goal, after all, of the almost 1,000-page document approved by banking, securities and commodities regulators last week. Years in the making, the rule is supposed to reduce the risks that a major bank will have to be rescued by taxpayers if some of its bets go bad. The rule, named for Paul A.

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