The Volcker Rule: Wins, Losses And Toss-Ups

The Volcker Rule: Wins, Losses And Toss-Ups
Paul Volcker, former chairman of the Federal Reserve, speaks at the National Association of Business Economics (NABE) 2013 Economic Policy Conference in Washington, D.C., U.S., on Monday, March 4, 2013. Volcker said U.S. central bank officials may find it difficult to rein in their historic stimulus at the appropriate time because ?there is a lot of liquor out there now.? Photographer: Joshua Roberts/Bloomberg via Getty Images
Paul Volcker, former chairman of the Federal Reserve, speaks at the National Association of Business Economics (NABE) 2013 Economic Policy Conference in Washington, D.C., U.S., on Monday, March 4, 2013. Volcker said U.S. central bank officials may find it difficult to rein in their historic stimulus at the appropriate time because ?there is a lot of liquor out there now.? Photographer: Joshua Roberts/Bloomberg via Getty Images

After three years, multiple missed deadlines, and at least 111 meetings between regulators and Wall Street groups (versus only twelve meetings with pro-reform groups), we finally have a final version of the Volcker Rule—and if properly enforced, it will change the business of banking for the better.

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