In a New York Times op-ed, Paul Volcker fleshes out the case for stripping commercial banks of...

|By:, SA News Editor

In a New York Times op-ed, Paul Volcker fleshes out the case for stripping commercial banks of their prop desks: "Apart from the risks inherent in these activities, they also present virtually insolvable conflicts of interest" that even the highest Chinese wall can't block. And allowing charter banks to play with the hedge funds "only tilts a level playing field without clear value added."