Volcker plan to limit trading of securities stalls

10/21/2009 | NYTimes.com

Paul A. Volcker, the former Federal Reserve chairman and a top economic adviser in the Barack Obama administration, is having trouble convincing White House officials to implement rules that would bar banks from trading securities. "I am not pounding the desk all the time, but I am making my point," he said. So far, White House officials have been cool to the idea.

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