My take on a variety of topics that are shaping the U.S. in the 21st century.
Tuesday, August 16, 2016
When will the Volcker Rule become effective
The rule was part of Dodd-Frank, which was passed by Congress in 2010. The rule is aimed at reducing risks, such as proprietary trading. The big banks want to postpone implementation of the rule another six years. The way things are going we'll probably see another financial disaster by then.