Paul Volcker stood to President Obama's right for a short statement on finance-industry...

|By:, SA News Editor

Paul Volcker stood to President Obama's right for a short statement on finance-industry restrictions considered Volcker-friendly (and some say not a moment too soon). His "limit the scope" proposals would separate banks from hedge funds, P-E funds or prop trading operations (for the first time). "Limit the size" plans would restrict market share of liabilities at the biggest firms.