CSPAN Capital News Today September 10, 2010
>> the volcker rule prohibits commercial entities from trading securities or derivative instruments for their own account and from investing in private equity and hedge funds. high-risk activities. a related provision also prohibits commercial banks and thrifts from making markets and certain types -- in certain types of derivatives for their own accounts. for several decades now, and this is why i want to go back -- it is so important. following the great depression, it was understood that commercial banks would be limited in their risk-taking because of their critical role played i...