Volcker: Financial Regulatory Regime ‘Simply Inadequate to Head Off Crises’

From: NewsMax Finance

By Dan Weil

If you thought the Dodd-Frank financial reform act of 2010 eradicated the dangers to our financial system, think again, says former Federal Reserve Chairman Paul Volcker.

“Even as the United States continues its long climb back from the financial crisis, it is all too clear that the federal  financial regulatory structure is simply inadequate to head off future crises,” he writes in an article for The Washington Post.

“The structure that failed us in anticipating and responding to the emergency is largely still in place.”

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