Piecing together the Volcker rule 4 years later

Allan Sloan Jul 17, 2013
Share Now on:
HTML EMBED:
COPY

Piecing together the Volcker rule 4 years later

Allan Sloan Jul 17, 2013
Share Now on:
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.

 

 

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.