3min chapter

The Reith Lectures cover image

The Darwinian Economy

The Reith Lectures

CHAPTER

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.

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