Paddy Hirsch explains proprietary trading

Financial Reform is now in the home stretch as the House and Senate work to reconcile the two versions of the legislation, aiming to send a completed bill to President Obama by July 4. It looks likely that a version of the so-called Volcker Rule, restrictions on risky trading by commercial banks with their own capital, will be included in the final version of the bill. Or, in other words, a sort of reinstatement of the Glass-Steagall Act, which required that commercial banks remain separate from investment banks. We asked our friend Paddy Hirsch of Marketplace to do one of his excellent whiteboard explainers for us.

  • thumb
    Main Street: Findlay, Ohio
    Need to Know travels to Ohio to assess how workers are faring after the loss of millions of manufacturing jobs over the past 35 years.
  • thumb
    Following the money: Tax breaks
    New CBO report echoes the findings of Need to Know's "A tale or four tax returns."
  • thumb
      Certifiably employable
    Rick Karr recently visited Seattle to look at a program designed to give the unemployed the skills they need to find jobs in one of the country’s fastest-growing industries.