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Jon Talton

Analysis and commentary on economic news, trends and issues, with an emphasis on Seattle and the Northwest.

Topic: Volcker rule

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December 11, 2013 at 10:17 AM

The Volcker rule: A good start

Paul Volcker, circa 1980. (AP Photo/Chick Harrity)

Paul Volcker, circa 1980. (AP Photo/Chick Harrity)

The Volcker Rule, named after the cigar-chomping former chairman of the Federal Reserve Board who championed it, is finally in place. It aims to prevent banks from risky speculation, known as proprietary trading. The fact that Wall Street and the big banks fought it so hard shows it’s a good policy. But it is only a start.

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