10/22/2011 12:33 pm ET Updated Dec 22, 2011

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

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.

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