Tag Archive for Bets

Simon Johnson: Will There Be a Meaningful Volcker Rule? – NYTimes.com

The Dodd-Frank financial reform legislation of 2010 stipulates that banks and the corporate entities that own banks should get out of the business of “proprietary trading…” Such bets have the potential to break a bank, creating either an unacceptable liability for taxpayers or a serious risk to the financial system, or both. They also often…