Description:Â Â Paul A. Volcker is a giant of financial history. He played a behind-the-scenes role when the United States abandoned the gold standard in 1971. He restored credibility to the Federal Reserve and slew inflation a decade later.
Source:Â NYTimes.com
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Date: 01/20/2011
Link: http://www.nytimes.com/2011/01/21/business/21norris.html?ref=business
Questions for discussion:Â
- Summarize the report and the meaning of the Volker Rule.
- What impact do you think this regulation will have on the industry?
- Do you think the regulation is warranted?
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