Simplification

With hints of Cain's "9-9-9" plan, is this relatively simple alternative to the Volcker Rule in fact feasible? Brown Brothers Harriman seems to exemplify and legitimize the partnerships of old. Regardless, the authors' most thought-provoking decree reads as follows: "Bankers at Morgan Stanley, Goldman Sachs and other leading firms may complain about it, but they should look at the portraits on the wall of their predecessors who, as partners of the very same firms, worked and prospered under such a personal liability rule every day of their lives." Indeed, personal culpability is a powerful incentive.