# Prof. William Silber on the Volcker rule

1 Faculty News December 9, 2013 ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from [The Wall Street Journal](http://blogs.wsj.com/moneybeat/2013/12/09/while-regulators-drew-map-street-changed/) -- "The Volcker rule will certainly usher in change on Wall Street. As [William Silber](http://www.stern.nyu.edu/faculty/bio/william-silber), a New York University professor and author of 'Volcker: The Triumph of Persistence,' a biography of Mr. Volcker, says: 'If a firm like Goldman Sachs, which is now a bank, can’t speculate, then the pendulum will swing.'"

[Read more](http://blogs.wsj.com/moneybeat/2013/12/09/while-regulators-drew-map-street-changed/)