Volcker Rule – The Questions We Can (and Cannot) Answer

Paul Volcker, former chairman of the Economic Recovery Advisory Board under President Obama, had taken on Wall Street greed:  he was extremely critical of big bank speculation and called for greater regulation of the industry. Volcker backed legislation that would restrict the high-risk investments of big banks which jeopardized their clients’ portfolios. The eponymous rule ultimately grew from that legislation, as part of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. The Volcker Rule prohibits banks and their affiliates from (1) engaging in proprietary trading in