iOS app Android app More

From The New York Times: Volcker Rule, Once Simple, Now Boggles

Paul Volcker

First Posted: 10/22/11 01:33 PM ET Updated: 12/22/11 05:12 AM ET

The New York Times:

When Paul Volcker called for new rules in 2009 to curb risk-taking by banks, and thus avoid making taxpayers liable in the future for the kind of reckless speculation that caused the financial crisis and resulting bailout, he outlined his proposal in a three-page letter to the president.

Read the whole story: The New York Times

FOLLOW HUFFPOST BUSINESS
Subscribe to the HuffPost Money newsletter!
Filed by Jillian Berman  |