The Seattle Times

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Thursday, September 12, 2013

What's changed, you ask, five years after Lehman?

Former chairman of the Federal Reserve Paul Volcker. A section of the Dodd-Frank Act named for him seeks to curb banks’ trading for their own account. Banks have complained the rule could hurt economic growth. The current proposal has so many exemptions that even Volcker has said he isn’t sure it will do what he wanted.