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Watzman, a consultant with the Sunlight Foundation, a Washington-based nonprofit. She pointed to the Volcker Rule as a prime example. The rule is meant to prevent banks from taking risky bets with their own money, a practice known as proprietary trading.
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Mr. Sorkin has come to the defense of Wall Street interests in the guise of knowledgeable commentator. There was the paean to Goldman Sachs ("One Crowd Still Loyal to Goldman Sachs"-...
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In this photo from the Appeal of Conscience Foundation, South Korea's President Lee Myung-bak (top L) attends a ceremony to receive The Appeal of Conscience Foundation's World Statesman Award from Rabbi Arthur Schneier (top C), President and founder of The... View Photo »
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A partial breakdown: How a few rules break down The Dodd-Frank financial reform law called for more than 400 new regulations to be written. A few in particular have generated extended political discussion. Volcker Rule: Named after former Federal...
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Five regulatory agencies have until July to complete a new rule that would ban proprietary trading at Wall Street firms, a move that some believe would make the U.S. financial system safer. The rule named after former Federal Reserve Chairman Paul...
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We encourage them to stick as close as possible to the rule’s original intent: severing the links between high-stakes securities trading and the banking services crucial to the broader economy. Inspired by former Federal Reserve Chairman Paul Volcker,...
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In this photo from the Appeal of Conscience Foundation, South Korea's President Lee Myung-bak (2nd L) receives The Appeal of Conscience Foundation's World Statesman Award from foundation President and founder Rabbi Arthur Schneier (2nd R), as United Nations... View Photo »
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The group, which takes its name from the U.S. Securities and Exchange Commission, had organized this rally in lower Manhattan to focus attention on a key piece of financial regulation. "Volcker," as shouted out by someone in the crowd, referred not to...
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The rule, named for former Federal Reserve Chairman Paul Volcker, was included in the Dodd-Frank Act to restrict risky trading at banks that operate with federal guarantees. The Fed and three other regulators released the 298-page proposal in October,...
About Paul Volcker
Wikipedia
Paul Adolph Volcker (born September 5, 1927) is an American economist. He is best known as Chairman of the Federal Reserve under United States Presidents Jimmy Carter and Ronald Reagan (from August 1979 to August 1987). He is currently chairman of the newly formed Economic Recovery Advisory Board under President Barack Obama. Full Article
Related Photos
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AP Photo
South Korean President Lee Myung-bak, second from right, receives the The Appeal of Conscience Foundation's World Statesman Award from the foundation's Founder and President Rabbi Arthur Schneier, second from right, as United Nations Secretary-General Ban Ki-moon, left, and Paul Volcker...
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Reuters Pictures
Paul Volcker, former chairman U.S. Federal Reserve takes part in the Spruce Meadows Changing Fortunes Round Table on business in Calgary, Alberta, September 9, 2011.
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Reuters Pictures
Paul Volcker, former chairman of the U.S. Federal Reserve and Chairman of President Barack Obama's Economic Recovery Advisory Board, addresses Canadian business leaders during the Changing Fortunes Round Table on economic recovery at Spruce Meadows in Calgary, Alberta, in this...
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Reuters Pictures
In this photo from the Appeal of Conscience Foundation, South Korea's President Lee Myung-bak (top L) attends a ceremony to receive The Appeal of Conscience Foundation's World Statesman Award from Rabbi Arthur Schneier (top C), President and founder of The Appeal of Conscience Foundation,...
View Photo » -
Reuters Pictures
Douglas Oberhelman, (L) chief executive officer of Caterpillar and marquee speaker talks to Paul Volcker, former chairman of the U.S. Federal Reserve during the Spruce Meadows Changing Fortunes Round Table on business in Calgary, Alberta, September 9, 2011.
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Reuters Pictures
Former U.S. Federal Reserve Chairman Paul Volcker listens to comments during a panel discussion, on how the current financial crisis has changed the role of central banks, at the National Press Club in Washington, in this October 11, 2010 file photograph. Volcker was discussing the...
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Reuters Pictures
Former U.S. Federal Reserve Chairman Paul Volcker attends a news conference in Seoul in this November 5, 2010 file photograph. Volcker was discussing the topic of proprietary trading at a time of intense debate and lobbying on Capitol Hill related to financial reform during an interview...
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AP Photo
South Korean President Lee Myung-bak, second from right, receives the The Appeal of Conscience Foundation's World Statesman Award from the foundation's Founder and President Rabbi Arthur Schneier, second from right, as United Nations Secretary-General Ban Ki-moon, left, and Paul Volcker...
View Photo »
