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Former Fed Chief Volcker Says Rule Already Effective

Thursday, 29 Nov 2012 | 6:20 AM ET

In a rare interview, former Federal Reserve Chairman Paul Volcker tells CNBC's "Squawk Box" that his namesake rule has already changed the way Wall Street does business, despite the delays in crafting the final draft. The Volcker Rule is part of the 2010 Dodd-Frank Act.