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Volcker Rule Sets Tough Standards, High Regulatory Expectations

Federal regulators moved to tighten banking rules to curb risky trading on Wall Street Thursday. The so-called Volcker rule, part of the 2010 Dodd-Frank regulatory overhaul, would preclude banks from making risky bets on their own accounts. Audie Cornish talks to Simon Johnson, a professor at MIT's Sloan School of Management, for more on what the rules will mean.