# Professor Lawrence White discusses banking regulation

1 Faculty News June 21, 2017 ![](/sites/default/files/styles/246w/public/assets/images/potus2017_192x144.jpg?itok=jrQrmE65)>

Excerpt from [POTUS 2017 with Brian Lehrer](http://www.cuny.tv/show/potus2017) -- "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."

[Watch the video](http://www.cuny.tv/show/potus2017)