Money

OPINION: Volcker Rule Is A Step In The Right Direction

Dr. Tracy C. Miller

JPMorgan Chase, one of the nation’s largest banks, announced that it lost over $2 billion in trading over the last few months. This has emboldened supporters of the Volker rule, which prohibits banks that enjoy government support from making risky investments other than loans. The Volker rule is a step in the right direction of reducing the risk that banks take with their asset portfolios.