The FDIC approves a draft of the Volcker Rule, intended to limit big banks’ speculative...

This news story has 5 comments:

Register or Login to rate comments »

davidingeorgia Comments (2698)
 
"...but there was one surprise - the proposal will be open for public comment until Jan. 13, longer than expected."

More time for the big banks to lobby and bribe their way out of the most stringent proposals.
11 Oct 2011, 12:26 PM Reply Like

bob adamson Comments (4492)
 
Here is an initial commentary from a leading Canadian newspaper.

http://bit.ly/pwXD4W/

Clearly there will be the Jamie Diamonds of this world that will attack this initiative as unnecessary and anti free enterprise. The onus, however, on them is to explain why this proposed framework revision designed to limit the possibility of future systemic collapses of the US investment banking industry and to minimize the collateral damage that could occur is a crisis in that industry reoccurs is not needed. Proposals to streamline and otherwise the proposal should be welcomed but flat denial of the need for fundamental reform should be given the minimal credence it deserves.

If the US investment banking industry simply storm walls, that will only invite more far-reaching government restructuring and regulation of that industry.
11 Oct 2011, 03:55 PM Reply Like

ewjohnson Comments (3)
 
So where does the public 'go' to be in the know and comment?
12 Oct 2011, 01:48 PM Reply Like

Le Philosophe Comments (26)
 
With all the talk of the Volker Rule I have yet to see any credible publication publish the "rule" itself so that we can judge for ourselves the depth and value of the proposed change. Don't you find that odd?
13 Oct 2011, 07:18 AM Reply Like

ewjohnson Comments (3)
 
Well, there I go...I guess.
13 Oct 2011, 10:27 AM Reply Like