Piecing together the Volcker rule 4 years later

Allan Sloan Jul 17, 2013
HTML EMBED:
COPY

Piecing together the Volcker rule 4 years later

Allan Sloan Jul 17, 2013
HTML EMBED:
COPY

It’s been four years since Congress passed the Volcker Rule, a sweeping law aimed at fixing the financial system following its great collapse. But regulators still haven’t figured out how to implement it.

Put simply, the rule send this message to big financial companies: It’s ok to place financial bets with client money, but not with bank funds. The rationale? If bank bets go bad, it could bring down the whole system and leave taxpayers picking up the pieces.

Allan Sloan, senior editor-at-large at Fortune Magazine, joins Marketplace Morning Report host David Brancaccio to discuss a new proposal.

 

 

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.