Can Goldman really dodge the Volcker rule? – Posted by Paul Murphy – … If the Volcker rule, in whatever legislative shape it eventually takes, were to let the likes of Goldman off the hook — while simultaneously dismembering its few remaining competitors — it is quite likely that rioting would break out on American streets. … – FT Alphaville
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Is what’s bad for Goldman Sachs bad for America? – Tom Petruno – LA Times Business
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Volker In, Geithner Out – By Jon Taplin – TPM Cafe
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The Volcker Rule & AIG: It’s Not About Prop Trading – Submitted by rc whalen – Watching the President announcing his proposals to forbid commercial banks from engaging in proprietary trading, I am reminded of the reaction by Washington a decade ago to the Enron and WorldCom accounting scandals, namely the Sarbanes-Oxley law. The final solution had nothing to do with the problem and everything to do with the strange politics of the capital city and the national Congress. – Zero Hedge
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Wall St. Will Find a Way Around Plan, Bogle Says – … Mr. Obama called the ban the Volcker Rule, in recognition of the former Federal Reserve chairman, Paul A. Volcker, who has championed the proposal. Big losses by banks in the trading of financial securities, especially mortgage-backed assets, precipitated the credit crisis in 2008 and the federal bailout. … – NY Times Dealbook