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Professor Lawrence White discusses banking regulation

POTUS 2017 with Brian Lehrer logo 192 x 144
Excerpt from POTUS 2017 with Brian Lehrer -- "We think that the Volcker Rule basically was a mistake -- that any of the pieces of the Volcker Rule that you look at -- proprietary trading, investing in hedge funds, investing in private equity -- was not the cause of the financial crisis in 2008. It was a solution in search of a problem. Further, the implementation -- the tens of thousands of pages of comments, thousands of pages of regulation -- it's extremely complex. It is hitting small banks who have to still justify actions that are never going to be a serious problem here."

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