Backlash Against Volcker Rules, Glass-Steagall Raised

The so-called Volcker Rules announced yesterday and approved by the five Federal regulatory agencies have already triggered a firestorm, including major references to the need for real reform via Glass-Steagall.

A Dec. 11 Financial Times editorial titled “A weak hand on casino banking — Volcker rule is justified in principle but flawed in practice,” openly calls for Glass-Steagall:

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Pointing my finger on the brighter spots. We win, and winning is fun.

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