US banks off the hook until 2022
Political reality has forced compromise into the final version of the financial regulation reform bill in the US
It was billed by Barack Obama as the toughest crackdown on Wall Street since the great depression. But top US banks could be given until 2022 to comply with the so-called Volcker rule, which is supposed to restrict [...]
Obama’s battle of the banks | The Spoon
Barack Obama’s proposal to curb Wall Street’s big banks could end up damaging the US economy – and the presidency
For someone who has just had been honoured by the president, having had the latest bank-busting reform named after him, Paul Adolph Volcker looks as sad as Droopy Dog. Maybe he’s still long of the banks, [...]
