This week regulators voted to institute “Volcker Rule” as part of Dodd–Frank Wall Street Reform and Consumer Protection Act. The Volcker Rule is aimed at preventing banks from making speculative investments that may jeopardize their customers. A recent episode of The Diane Remh Show discussed the Volcker Rule, its impact and its limitations.
Here is a description of the program:
The so-called “Volcker Rule” is aimed at reining in risky trading by banks. Details on the new rule and whether it’s tough enough to prevent another financial crisis.
Michael Greenberger – founder and director, University of Maryland Center for Health and Homeland Security
Tim Pawlenty –CEO, Financial Services Roundtable. He was governor of Minnesota from 2003 to 2011.
Jim Zarroli –business reporter, NPR.
Janet Hook – congressional correspondent, The Wall Street Journal.