{"id":270078,"date":"2010-02-03T06:10:00","date_gmt":"2010-02-03T11:10:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/gartman-the-volcker-rule-will-be-enacted-but-its-abundantly-wrong-2010-2"},"modified":"2010-02-03T06:10:00","modified_gmt":"2010-02-03T11:10:00","slug":"gartman-the-volcker-rule-will-be-enacted-but-its-abundantly-wrong","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/270078","title":{"rendered":"Gartman: The Volcker Rule WILL Be Enacted, But It&#8217;s &#8220;Abundantly Wrong&#8221;"},"content":{"rendered":"<p>Dennis Gartman appeared on Squawk Europe overnight, and contrary to the <a href=\"http:\/\/www.businessinsider.com\/richard-shelby-just-told-you-that-the-volcker-rule-is-dead-2010-2\">latest chatter<\/a>, he&#8217;s predicting that the Volcker Rule will in fact end up being enacted, an outcome which he called &#8220;very sad.&#8221;<\/p>\n<p>Why?<\/p>\n<p>Because prop trading had nothing to do with the crisis, which was all about the government pushing more bad loans.<\/p>\n<p>He also predicted it will cause havoc in financial markets, and a loss of liquidity.<\/p>\n<p>\n<object id=\"cnbcplayer\" classid=\"clsid:D27CDB6E-AE6D-11cf-96B8-444553540000\" width=\"400\" height=\"380\" codebase=\"http:\/\/download.macromedia.com\/pub\/shockwave\/cabs\/flash\/swflash.cab#version=9,0,0,0\"><param name=\"type\" value=\"application\/x-shockwave-flash\" \/><param name=\"allowfullscreen\" value=\"true\" \/><param name=\"allowscriptaccess\" value=\"always\" \/><param name=\"quality\" value=\"best\" \/><param name=\"scale\" value=\"noscale\" \/><param name=\"wmode\" value=\"transparent\" \/><param name=\"bgcolor\" value=\"#000000\" \/><param name=\"salign\" value=\"lt\" \/><param name=\"movie\" value=\"http:\/\/plus.cnbc.com\/rssvideosearch\/action\/player\/id\/1403431036\/code\/cnbcplayershare\" \/><embed type=\"application\/x-shockwave-flash\" width=\"400\" height=\"380\" src=\"http:\/\/plus.cnbc.com\/rssvideosearch\/action\/player\/id\/1403431036\/code\/cnbcplayershare\" name=\"cnbcplayer\" pluginspage=\"http:\/\/www.macromedia.com\/go\/getflashplayer\" allowfullscreen=\"true\" allowscriptaccess=\"always\" bgcolor=\"#000000\" quality=\"best\" wmode=\"transparent\" scale=\"noscale\" salign=\"lt\"><\/embed><\/object>\n<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/gartman-the-volcker-rule-will-be-enacted-but-its-abundantly-wrong-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/so-basically-chris-dodd-is-killing-the-volcker-rule-because-he-was-left-out-of-obamas-cool-kids-club-2010-2\">So Basically, Chris Dodd Is Killing The Volcker Rule Because He Was Left Out Of Obama&#8217;s Cool Kids Club<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/richard-shelby-just-told-you-that-the-volcker-rule-is-dead-2010-2\">Richard Shelby Just Told You That The Volcker Rule Is Dead<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/rumors-spread-that-the-volcker-rule-wont-move-forward-in-the-senate-2010-2\">Rumor:  &quot;Volcker Rule&quot; Already Dead, Has Zero Chance In The Senate<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/XWNcJqM0FQ8\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dennis Gartman appeared on Squawk Europe overnight, and contrary to the latest chatter, he&#8217;s predicting that the Volcker Rule will in fact end up being enacted, an outcome which he called &#8220;very sad.&#8221; Why? Because prop trading had nothing to do with the crisis, which was all about the government pushing more bad loans. He [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-270078","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/270078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=270078"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/270078\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=270078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=270078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=270078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}