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Prof. Richard Sylla on the Volcker Rule

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Excerpt from The New York Times -- “'The passage of the Volcker Rule represents a step partway back to the Glass-Steagall regime that has historical significance for helping to give us four to five decades of relative financial stability from the 1930s to the 1980s,' said Richard E. Sylla, the Henry Kaufman professor of the history of financial institutions and markets at New York University. 'Even if we don’t see a lot of actions against violators, the mere fact that the rule is on the books will make banks think twice before engaging in activities that might result in actionable violations.'”

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