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Home Publications Blogs Beat the Press When it Comes to Regulating Banks, Nothing Is Easy

When it Comes to Regulating Banks, Nothing Is Easy

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Thursday, 26 August 2010 04:32
Good piece in the NYT about enforcing the Volcker Rule, which limits the extent to which banks can trade on their own account.
Comments (8)Add Comment
Please explain
written by marc sobel, August 26, 2010 10:13
If they use customer money then they will be hurting specific customers with losses. This eventually might cause them problems. It doesn't seem as bad. It would seem like the amounts might be smaller. Please explain why I am wrong.
easy reform
written by scott, August 27, 2010 6:13
Make banks professional institutions, subject to laws of agency. Simple, devoid of a regulator, not corruptible by legislative loopholes, not a list of laws, but a simple principle with legal recourse for the aggrieved.

Funny, you professors--ostensibly professionals don't know about professional laws of agency. You don't have the knowledge of a Realtor. Pathetic
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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.

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