Bank lobbyists couldn't kill off the Volcker Rule on their own, but they're getting Congress and...


Bank lobbyists couldn't kill off the Volcker Rule on their own, but they're getting Congress and regulators to render it hopelessly complex and unworkable, Jesse Eisinger writes. Banks even pushed regulators to widen proposed restrictions on trading and hedge-fund ownership by foreign firms, then encouraged governments around the world to complain about the rule’s reach.

Comments (4)
  • ROBTJHICKS
    , contributor
    Comment (1) | Send Message
     
    I think, if we try hrd enough, WE CAN BLAME THE "BANKS" for EVERYTHING!
    23 Feb 2012, 11:29 AM Reply Like
  • Trader Monk
    , contributor
    Comments (130) | Send Message
     
    Rob..You can blame banks for everything..but it is simply not justified..
    23 Feb 2012, 11:34 AM Reply Like
  • Windsun33
    , contributor
    Comments (4419) | Send Message
     
    I don't think anyone that has looked at it thinks it would solve anything anyway, except to garner votes for politicians who can claim "reform legislation".
    23 Feb 2012, 11:45 AM Reply Like
  • Wyatt Junker
    , contributor
    Comments (4498) | Send Message
     
    Good.

     

    Better: Kill the rule entirely.
    23 Feb 2012, 12:31 PM Reply Like
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