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Pam and Russ Martens: Investment bank crony regulators dismember the Volcker Rule
Goldman Sachs and JPMorgan Have Flagrantly Flouted the Volcker Rule for Nine Years: Now It's to Be Gutted by Federal Regulators
By Pam and Russ Martens
Wall Street on Parade
Tuesday, August 20, 2019
Two of Wall Street's crony regulators announced today that they are going to "simplify" the Volcker Rule's ban on proprietary trading at Wall Street banks, providing another big win for Wall Street and another big nightmare for Main Street.
The financial crash on Wall Street in 2008 was the deepest economic upheaval in the U.S. since the Great Depression. Millions of honest, hardworking Americans lost their jobs, and then their homes, as a result of the economic collapse. Many of these Americans have yet to fully recover financially after more than a decade has passed. ...
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