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President Obama with Paul Volcker at the White House in 2009. Volcker, who headed the President's Economic Recovery Advisory Board, lent his name to a new rule aimed at curbing risk-taking on Wall Street.
Brendan Smialowski/Getty Images
December 10, 2013 The Volcker rule, a key part of the 2010 Dodd-Frank financial law, prevents banks from using government-insured money to make speculative bets.
It's a hedge!
May 14, 2012 A new rule is supposed to ban banks from making speculative bets. But JPMorgan's $2 billion trading loss illustrates the challenge of putting the rule into effect.
May 25, 2010 "When this bill becomes law, the joyride on Wall Street will come to a screeching halt," Harry Reid said last week, after the Senate passed its big finance reform bill.
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January 22, 2010 We take a closer look at proprietary trading, since we may never hear from it again if new rules from the Obama administration take effect.
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January 22, 2010 The proposal will put limits on the size of banks, and also prohibit commercial banks from engaging in one of the activities they love--and Volcker hates--most: proprietary trading.
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