The Youngsters with Big Jobs at Treasury

Paul Volcker, the former Federal Reserve Chairman whose idea of restricting banks’ risky trading was a major tenet of the Dodd-Frank financial regulation overhaul passed by Congress last year, is 84 years old. The collective ages of three key Treasury Dept. officials implementing the so-called Volcker Rule: 90.

Amias Gerety, 31, Felton C. Booker, 32, and Nick Franchot, 27, are staffers handling vital banking policy. They’re frequent visitors to Capitol Hill, briefing congressional committees on the fine points of systemic risk and capital markets. They’re also the front-line contacts when executives from Wall Street firms come to plead for leniency on the rules arising from the 2010 law. Washington’s bank lobbyists privately refer to them as the “young Turks” or the “young pups.”