Treasury's Mnuchin Said to Push Volcker Rule Review

The video discusses the Volcker Rule, part of the Dodd-Frank legislation, which aims to prevent banks from making risky bets with their own money. While the rule's intent is to protect consumers, it has led to reduced liquidity and enforcement challenges. The Treasury Secretary has called for a review to see what can be adjusted without Congress. The focus should shift from compliance to risk management, with a clear cost-benefit analysis to ensure regulations are effective and not overly burdensome.

What are the main concerns regarding banks gambling with other people's money?

In what ways does the speaker believe a cost-benefit analysis could be beneficial?