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Finally, The Volcker Rule

Finally, The Volcker Rule

Several years after the passage of Dodd-Frank, one of it’s critical provisions has finally been enacted.  The Volcker Rule named for it’s most famous proponent, former Fed Chair, Paul Volcker, requires that banks not use the funds of customers to invest in securities for their own benefit.  Reaction was mixed. Five federal agencies today voted […]

December 11, 2013 / More... ( comments)

Will Regulators Undermine Dodd-Frank?

Regulators are often accused of “over-regulating” going beyond the statutes that give them their authority.  But sometimes they also “under-regulate” and don’t do as the statute intends.  This is what is happening with the requirement that banks keep a certain percent of mortgages on their books as required by Dodd-Frank. But it now appears that […]

November 30, 2013 / More... ( comments)