Regulators Eye Another Rewrite of Volcker Trading Restrictions

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Banks could get a break on the Volcker trading restrictions as regulators lean toward a third try after proposed Volcker 2.0 raised the industry’s ire

Faced with industry ire over a proposal released last year, Trump-appointed financial regulators are leaning toward redoing it, according to people familiar with the matter. The Volcker rule limits banks’ ability to make trading bets with their own money, a practice known as proprietary trading.

 

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Right. Then Trump and his creepy old white Republican Congress friends can slash the regulations to shreds.

Capitalism is Socialism for Gangsters. Time to overthrow these criminals.

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