Detailed text transcripts for TV channel - CNN - 20100711:17:12:00
Budget's doing what i hoped it would do. >> do you fundamentally believe that there should be a distinction between proprietary trading and banking, the so-called volcker rule? >> well, i am personally quite attracted to that. so i personally think that large-scale proprietary trading, large internal hedge funds don't sit terribly easily alongside retail banking. and i've said that for a year or more now. however, i'm very happy to have a debate and be persuaded. so i've asked john vickers, who's a very respected economist in this country, to chair this independent banking commission. it's got...
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