Relevant:
- Under Volcker, Old Dividing Line in Banks May Return
- Did The Obama Administration Do ANY Homework Before Announcing The Volcker Rule?
- Volcker Said to Be Disappointed With Final Version of His Rule
- Whale of a Problem: Regulators Subvert Will of Congress
- Volcker Rule May Be Extended to Overseas Banks With Operations in the U.S.
2010-02-23 — nypost.com
" The Obama administration is backing off a plan to bar commercial banks from engaging in proprietary trading, favoring instead a watered-down version of a key tenet of the proposed "Volcker rule" governing how banks operate, according to people familiar with the situation."
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