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

|By:, SA News Editor

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.