On today's Your Call, we’ll have a conversation about reforming the US banking system. Volcker Rule sets guidelines to limit risk-taking by banks and January 10th, a new set of rules will potentially make it harder to secure home loans. How robust is the US banking system? Are reforms working? Join the conversation or call in with your questions on Your Call, with Holly Kernan, and you.
Guests:
William Black, associate professor of economics and law at the University of Missouri-Kansas City and the author of The Best Way to Rob a Bank Is to Own One
Jake Bernstein, Pulitzer prize-winning investigative reporter for ProPublica
Resources:
The Real News: Volcker Rule Approved But "Not Enforceable"
Propublica: SEC Issues More Fines Over Magnetar Deals – and Appears to Move on
Wall Street Journal: SNL: Top 5 Banks Own 44% of Industry
NY Times: Banks’ Suit Tests Limits of Resisting Volcker Rule