AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Dodg Frank's Vulcar Rule Is Good
The vulcar rule, original form was that there should not be proprietary trading by large financial institutions. This is part of a kind of born again glass steegel to create some kind of division between the basic activities and its more risky functions. James tish: How can you tell proprietary trading from hedging? That's the fundamental problem. And i don't think dodg frank succeeds in doing that. But i think that the intention is good just as and it should be mentioned, i omitted it for the sake of brevity.