Federal Reserve proposes rolling back post-crisis restrictions on banks

Federal Reserve proposes rolling back post-crisis restrictions on banks

The U.S. Federal Reserve has proposed revising a rule put in place to reduce bank risk after the 2007-08 financial crisis. The new rule would allow banks to invest heavily in venture capital funds. The restrictions, called the Volcker Rule after a former Federal Reserve Chairman who proposed it, were part of the Dodd-Frank financial reform law passed in 2010.

Josh
Josh
Paul C
Paul C 1 months

Sure, loosen all of the restrictions with the caveat that there will never be another bailout using taxpayer money.

Miles O'Brien
Miles O'Brien 1 months

Let's repeat 2008! Those were such great times!

Craig
Craig 1 months

Loosening banking regulation more than they already are? ok. fine...I forfeit... you win. You own the game and all the pieces, you own the rules (read: the rules change to suit the "house"... rigged)... and now you will own all the players. I'd give up and dont want to play anymore... let's play another game... we'll call it, " cherish and love your blessed neighbors friends and family"... we haven't had a good fair game of love they neighbor in... wow... how many generation now?

.....
..... 1 months

Awww shit, here we go again!

Marcella
Marcella 1 months

Sure. What could go wrong? (sarcasm)

Top in Business
Get the App