Finding a Happy Medium on the Volcker Rule

The transcript discusses the Volcker Rule, part of the Dodd-Frank Act, and its impact on market liquidity. It highlights concerns about regulatory capture, especially with the Trump administration's ties to major banks like Goldman Sachs. The conversation also touches on the need for regulatory reform through legislation, such as the Choice Act, and contrasts the regulatory approaches of the Trump and Obama administrations.

What is meant by 'regulatory capture' in the context of big banks?

What legislative changes does the speaker suggest could improve the regulatory structure?