3 Comments
Jun 27, 2020Liked by Anirudha Basak

The relaxation of Volcker Rule indeed is risky , but isn't it the last resort the banks could rely upon in these testing times ?? Clearly I don't have that amount of insights into this but isn't there a high probability that this risk will average out ?? Yes we could lose everything if it doesn't but isn't it still better than going into another recession ??

Expand full comment
author

The basic purpose of the rule is to reign in banks from risky investments SO THAT we don't fall into another crisis. Former FDIC chair, Sheila Bair, underlines the risks in this Youtube video, do check it out: https://www.youtube.com/watch?v=rMkJEiDevr4&t=51s

Expand full comment

I liked the GPay goof up. For a newbie like me, this is a bit dense (though you have actually simplified much of it). Keep writing Anirudha bhai

Expand full comment