Liquidity-Versus-Capital Debate Divides Stanford: Simon Johnson

Feb. 20 (Bloomberg) -- Top researchers at the Stanford University Graduate School of Business are taking diametrically opposing views on the Volcker rule, one of the most important issues in financial reform. The sharp distinctions can be seen in their public comments to U.S. bank regulators writing the rule, the part of the Dodd-Frank law that restricts proprietary trading by very large banks.

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