Paul Volcker Gives Financial Reform Bill 'B Minus,' Regrets Past Silence On Deregulation

A well-regarded lion of the regulatory world, Mr. Volcker had endorsed the legislation before he went fishing, but unenthusiastically. If he were a teacher, and not a senior White House adviser and the towering former chairman of the Federal Reserve, he says, he would have given the new rules just an ordinary B -- not even a B-plus.

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