Less than a week after Wall Street slipped a bailout provision written by Citigroup into the government spending bill, the Fed has given the big banks another victory. Delaying the Volcker Rule is one more giveaway that lets Wall Street have more time to make risky bets using taxpayer-backed money. This is a nice favor for the lobbyists working to slow down the implementation of Dodd-Frank and chip away at critical financial reforms, but its a bad deal for middle class families and our economy.
Posted on: Fri, 19 Dec 2014 21:21:05 +0000
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