GlobalEcon Expert Robert Litan Comments On The Volcker Rule Draft Proposal

By Global Economics Group on October 4, 2011

GlobalEcon’s Senior Advisor Robert Litan talks to WSJ about the expansive definition of “hedging” that’s outlined in the Volcker rule draft proposal.

“If you can do portfolio hedging, that gives you a license to do pretty much anything,” said Litan.  He also said the Volcker rule is misguided in general, because it is difficult to draw a bright line between proprietary trading and hedging.

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