Posted by & filed under Governments & Regulators, Industry Analysis.

Description:   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:  NYTimes.com
 
Date: 01/20/2011

Link: http://www.nytimes.com/2011/01/21/business/21norris.html?ref=business

Questions for discussion: 

  • 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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