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The Case for the Volcker Rule

Friday, 11 May 2012 | 2:15 PM ET

Former New York Governor Eliot Spitzer (D); Scott Jacobson, Waverly Advisors managing director; and Frank Sorrentino, North Jersey Community Bank CEO, discuss how to fix the banking industry. CNBC's Steve Liesman also weighs in on how aware the Fed was of JPMorgan's risk.