Tuesday, August 7, 2012

House Financial Services Chairman Asks Banks To Design ‘Alternatives’ To Wall Street Reform Restrictions

House Financial Services Chairman Asks Banks To Design ‘Alternatives’ To Wall Street Reform Restrictions: House Financial Services Chairman Spencer Bachus (R-AL) — who said that, in his view, Washington’s role is “to serve the banks” — has put out a call to the financial industry to suggest “legislative alternatives” to the Volcker Rule, which is aimed at reining in banks’ risky trading: A top Republican lawmaker on Tuesday asked [...]/p