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HomeThe Volcker Rule: Comments and Questions
Posted by Larry Doyle on December 10th, 2013 6:02 AM |
The big news on Wall Street today is the reemergence of the Volcker Rule intended to make our banking system safer from the perils of proprietary trading activity.
The question that America will hear bandied about until it makes your head spin is “What exactly defines proprietary trading?”
My ‘sense on cents’ response is that not unlike pornography, proprietary trading might be hard to define but you know it when you see it. Let’s review and cross-examine The Wall Street Journal’s take on this newly proposed rule which attempts to accomplish the following: (more…)
