Status Updates From Wall Streeti pokker

Entertaining and Interesting

He is talking about the radical change that was made by Paul Volcker to interest rates as he made interest rates float and the supply fixed. This caused extreme fluctuations in bond prices allowing bond traders to thrive.

Good, they are currently talking about glass steagal, the act passed that separated the commercial and investment bank. I find this interesting as I did not know that before they were lumped together.