Former Federal Reserve Chairman Paul Volcker and his biographer Bill Silber sit down for an interview on the economy, financial regulation, and why U.S. presidents still call on the former Fed chief.
Banks are still huge, financial scandals still break — even after the recession revealed flaws in the financial system. A commentator gives his short-and-sweet solution.
There's renewed debate today about the so-called "Volcker Rule." It's part of the Dodd-Frank Wall Street reform passed two years ago. Basically, the Volcker Rule says banks should take fewer risks in the market.
