‘Casino’ banks targeted in Volcker Rule
Proprietary trading — when a bank invests its own funds in order to make a profit — is the target of the Volcker Rule, a centerpiece of the Dodd-Frank financial reform overhaul. So what does the rule do? Sr. Producer Paddy Hirsch explains with a casino analogy.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.