Volcker Rule May Make the Financial and Banking System Riskier

By now, it should be clear even to casual observers that the Volcker Rule, which was intended to limit the “risky” activities of banks by banning them from certain types of transactions, will be nearly impossible to implement without severe unintended damage to the United States financial system and many other types of businesses both here in the United States and overseas. It is time to repeal this deeply flawed part of Dodd–Frank and to recognize that the Volcker Rule was a mistake.

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