Paul Volker appears to be regaining influence in Washington as President Obama enbraces the former Federal Reserve chairman’s plan to keep banks from engaging in risky investment speculation. Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and a former counsel to the Fed Board of Governors, says it’s about time.
“Obama’s listening to Paul Volcker is long overdue. This is a hopeful sign of sounder proposals to come from the Administration on financial and economic matters.”
Contact Cornelius Hurley, 617-353-5427, email@example.com