The Volcker Rule for Financial Institutions

President Obama calls for new restrictions on the size and scope of financial institutions to rein in excessive risk-taking and protect taxpayers. The proposed legislation is called the Volcker Rule in recognition of the efforts of former Federal Reserve Chairman and current Presidents Economic Recovery Advisory Board Chairman Paul Volcker. January 21, 2010.

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: whitehouse

Length: 08:16
Rating: 4.282051
Views: 7986

Tags: finance banks banking financial institutions accountability too big to fail economy economics Paul Volcker President Barack Obama

Video Comments

npradeepgmail (November 30, 1999 at 12:00 am)

@Machao6 Well.. Our Indian PM has never given an interview to any Indian news agency! He is the most educated PM in the world!! Howz that?

CostaRicaMarketing (November 30, 1999 at 12:00 am)

is this the whole video?

BujutzuStyle (November 30, 1999 at 12:00 am)

I WANT THE PAUL VOLCKER RULE !

Machao6 (November 30, 1999 at 12:00 am)

Got to admit, I envy you guys with a leader like Obama. He explains everything! Whether you agree with him or not, he says in no uncertain terms what he's done and why, and how he thinks it'll work. In the UK, we struggle to get *an* answer out of our politicians, let alone the head honcho.

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fred1671 (November 30, 1999 at 12:00 am)

For what, exactly? You must be drinking the same diseased water as OutreAnima!

fred1671 (November 30, 1999 at 12:00 am)

Scott Brown is a true (liberal) Democrat that lied to his voters by running on the GOP platform. Brown was the filibuster-proof 60th vote the Senate needed for sweeping financial reform... and they got it- their wolf in sheeps' clothing, if you will?! Democrats need to end their self-medicating journeys and join the rest of reality. You guys are truly whacked! Thank God we'll be taking back Congress and the W.H. in the very near future!

fred1671 (November 30, 1999 at 12:00 am)

@OutreAnima I guess your liberal mind-set clouded your judgment on this one... the Volcker rule was watered down to the point of non-existence. The provisions established by Volcker would have restored the legal divide between commercial banks, which issue credit to households & companies, and investment banks, which trade in solely in securities. Thanks to Massachusetts Senator, Scott Brown we'll never know how good this legislation "could have been". Once again, he sold out his voters!