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The Volcker Rule had been dying a slow death by a thousand cuts almost since its inception. But allowing banks to make big investments in hedge funds definitively puts an end to the pretense that this reform is still in effect.
this means our commercial banking system, to the extent it cannot be disentangled from the TBTF banks will go down with the prop trading ship
that's comforting (not)
@Historian_Steve
This is sad to see. Thanks for paying close attention, David.
So it's pitchforks, torches, and guillotines then.
I’ve got my pitchfork.
This is pretty devastating.
could you explain this in laymen's terms to someone who has no clue what this is or means?
murderer
Guardrails coming off not good
Horrible
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