[Karen37a]

Once again, Happy Horse **** attempted to prove regulations have been around for years, and then LITERALLY POSTED A LINK to the FDIC's rules pertaining to the Volcker rule as proof that these rules have been around before the Volcker rule.

Do you have any idea how silly that argument is?

You complain nonstop about the Volcker Rule, and when it's pointed out that it protects consumers you then -- literally -- post a link to the FDIC's final rule relating to the Volcker rule -- a rule that was rolled out in 2014 -- as proof that these rules had been in place before Dodd Frank (became law in 2010). And it gets worse: you then use these protections to say "see, they are protected" and then say "get rid of the Volcker rule" which would get rid of these protections. It's unbelievable.

This reminds me of people that say "keep your government hands off of Medicare!" What a mess.

wikipedia
https://en.wikipedia.org/wiki/Volcker_Rule

e Volcker Rule refers to § 619[1] (12 U.S.C. § 1851) part of the Dodd–Frank Wall Street Reform and Consumer Protection Act, originally proposed by American economist and former United States Federal Reserve Chairman Paul Volcker to restrict United States banks from making certain kinds of speculative investments that do not benefit their customers.[2] Volcker argued that such speculative activity played a key role in the financial crisis of 2007–2010. The rule is often referred to as a ban on proprietary trading by commercial banks, whereby deposits are used to trade on the bank's own accounts, although a number of exceptions to this ban were included in the Dodd-Frank law.[3][4] The rule's provisions were scheduled to be implemented as a part of Dodd-Frank on July 21, 2010,[5] with preceding ramifications,[6] but were delayed. On December 10, 2013, the necessary agencies approved regulations implementing the rule, which were scheduled to go into effect April 1, 2014.[7] On January 14, 2014, after a lawsuit by community banks over provisions concerning specialized securities, revised final regulations were adopted.[8] The rule came into effect on July 21, 2015.[9] On August 11, 2016, several large banks requested a 5-year delay to exit illiquid investments.[10]



** think what you will, again, have a great weekend. If you get a good salad with your center cut steak tonight think of me

[John Galt]

Job well done, Gail.