Bank stocks reverse higher as regulators ease Volcker Rule, JPMorgan Chase rises 2%

Federal banking regulators eased restrictions on investments that large banks can make on Thursday, including the so-called "Volcker Rule," sending bank stocks surging.

Officials from the Federal Deposit Insurance Commission said on a call that they are loosening the restrictions from the Volcker Rule, allowing banks to more easily make large investments into venture capital and similar funds, and also allowing banks to avoid setting aside cash for derivatives trades between different affiliates of the same firm.

It was only a decade ago when millions of Americans paid the price for Wall Street gambling in lost jobs, homes, and life savings. Reopening the Wall Street casino is the wrong path forward, one that puts all Americans’ financial stability at greater risk.

People desperate for credit during the worst economic crisis since the Great Depression, so let’s allow banks to push us closer to a total collapse of our entire nation? Yeah. Maybe not a good idea. The GOP is up to something and it’s not the success of our nation.

PMC Bank depositors hold a protest outside RBI headquarters via YouTube On 22.06.20

why the fuck do we even have an SEC_Enforcement ?

Fed Chairman Powell is committing treason destroying our currency. He was never given approval from Congress to do what he is doing. That is not their function.

Scam. They are almost insolvent again

Tear out all the regulations and flood the market with Fed $. This ends well...for sure...

Unbelievable. How are these people not being put in jail. Now we await the financial crisis Part 2 which means more bailouts for the rich on the backs of 99%.

Bank stocks turning around, can’t wait to see $LC fully recover

Keep pumping it!

I’m so grateful to you innaprokhorova_ I never thought Earning cash could be this easy,I earned over $60k on my first 7days of trading

Yes, our government screwing the public again for the benefit of banks and the 1%.

Sure, lets ease banking regulations during a economic downturn. This won't end badly.

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