Huffpost Business

Paul Volcker Said To Be Disappointed With The Final Version Of His Rule

Posted: Updated:
Print

June 30 (Bloomberg) -- Paul Volcker is disappointed with the final version of the rule that bears his name.

As first envisioned, the Volcker rule would have banned banks from running private-equity and hedge funds, an attempt to curb risk-taking that fueled the financial crisis. Last-minute congressional negotiations aimed at winning Republican support led to a compromise that allows banks to invest up to 3 percent of their capital in such funds.

Read the whole story at bloomberg.com

Around the Web

Volcker Said to Be Disappointed With Final Version of His Rule

Dodd Offers New Plan for Volcker Rule

Do Hungry People Take Bigger Financial Risks?

Don't Hold Breath on Volcker Rule's Impact

Contemplating Banks' PE In The 'Volcker Rule' Era: Q&A With Josh Lerner