"In terms of a coach, he's very much glass half-empty rather than glass half-full, " said Mark Lawrenson, the former Liverpool defender.

WSJ: Roy Hodgson to Coach English National Team: England's 'Second Choice' Gets His Chance

So says Russell Glass, the former second-in-command to billionaire buyout artist Carl Icahn.

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On Jan. 21 the president proposed the "Volcker Rule, " named after former Fed chairman Paul Volcker, one of the biggest proponents of Glass-Steagall-type restrictions (although his current proposal--endorsed by the president--does not call for a separation of commercial and investment banking activities).

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