The Volcker Rule is Passed… and Wall Street Is Glad?

With great fanfare, President Obama personally unveiled the Volcker Rule this week. It’s not often that a President will take center stage for the passage of a departmental regulation but the Volcker Rule is a centerpiece to his Administration’s efforts at financial reform.
In the President’s own words, “The Volcker Rule will make it illegal for firms to use government-insured money to make speculative bets.” …

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#Banks, #Economy, #VolkerRule


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