I scanned the article, found no bullet points and no sentence that grabbed my attention enough to read.
As much as I normally respect Volcker, this paper gets an "F" as a "How To".
As much as I normally respect Volcker, this paper gets an "F" as a "How To".
In my mind it's debatable that something like that can be done practically, or that a "living will" would really work in practice. I am reminded of the "duck and cover" drills from my youth. Still, something needs to be done.