Tuesday, February 14, 2012

Wall Street Banks Push To Weaken An Already Watered-Down Volcker Rule

Wall Street Banks Push To Weaken An Already Watered-Down Volcker Rule: pOne of the most important pieces of the Dodd-Frank financial reform law is the Volcker Rule, aimed at preventing federally-insured banks from engaging in risky proprietary bets and counting on taxpayers to bail them out if those bets go wrong. The deadline for regulatory comment on the rule was Monday night, and it didn’t go [...]/p