Gary Townsend Discusses Proposed 'Volcker Rule': Video

Feb. 2 (Bloomberg) -- Gary Townsend, president of Hill-Townsend Capital LLC, talks with Bloomberg...  More »

Feb. 2 (Bloomberg) -- Gary Townsend, president of Hill-Townsend Capital LLC, talks with Bloomberg Television about the implications of the “Volcker Rule,” under which commercial banks would be prohibited from owning hedge funds and limited in how much they could trade for their own accounts. Former Federal Reserve Chairman Paul Volcker testifies before the Senate Banking Committee today on proprietary trading and financial regulation. (This is an excerpt of the full interview. Source: Bloomberg)  « Less