Subscribe

Search
« Secret Court: FBI Warrantless Searches Were Illegal | Main | Schiff: The Fed are a bunch of liars, balance sheet growing »
Wednesday
Oct092019

the banksters win: Volcker says new rule will amplify risk, erode protections

The Federal Reserve and four other regulatory agencies announced final approval Tuesday to changes in the “Volcker rule” passed after the 2008 financial meltdown to crack down on trading excesses that contributed to the crisis.

The changes were supported by the banking industry, which felt that the original rule seeking to prevent banks from speculative trading with government-insured deposits was too restrictive. But they were opposed by Wall Street watchdog groups and the rule’s namesake, former Fed Chairman Paul Volcker.

Click to read more...

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>