Volcker has the measure of the banks
Jan 28 2010 The Financial Times
Since Paul Volcker stood by Barack Obama a week ago as the US president unveiled banking reforms devised by “this tall guy”, the “Volcker rule” has provoked angst on Wall Street and in Washington.
Critics complain that it is a populist measure designed to distract attention from the Democrats’ political woes; that it is impractical; that it would put US banks at a disadvantage to European ones; that its target is wrong; and that it would let investment banks escape.
http://www.ft.com/cms/s/0/f00aa3dc-0b7a-11df-8232-00144feabdc0.html
28
January
Volcker has the measure of the banks
Jan 28 2010 The Financial Times
Since Paul Volcker stood by Barack Obama a week ago as the US president unveiled banking reforms devised by “this tall guy”, the “Volcker rule” has provoked angst on Wall Street and in Washington.
Critics complain that it is a populist measure designed to distract attention from the Democrats’ political woes; that it is impractical; that it would put US banks at a disadvantage to European ones; that its target is wrong; and that it would let investment banks escape.
http://www.ft.com/cms/s/0/f00aa3dc-0b7a-11df-8232-00144feabdc0.html