Thursday, February 2nd, 2017

Volcker Rule being debated

I received several emails asking the same question: Whats happening to the markets ? Here is the video you need to watch and take a closer look.

Senate and House members are debating inclusion of Volcker Rule to the Financial Reform Bill as this post is typed. You can watch all the proceedings on www.cspan.org website and see whats going on. Volcker rule limits banks prop trading desks and hedgefund ownerships. Wall Street has been in a foul mood last 2 months and bracing itself. As a results most of the trading charts are destroyed and killed. Most traders are sitting on sidelines and the volumes are record low as no one dares to trade.

When Greed and Lust for money grew so big, and the public got hurt than it took some doings to propose such a regulation on our financial systems. Now this culture of greed is about to come to a halt in just few days as President will sign this into the law before July 4, 2010. Most Americans favor the Financial Reform Bill and the public opinion in this election year is driving this Bill forward, otherwise this would have never seen the light of the day.

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One Response to “Volcker Rule being debated”
  1. found your site on del.icio.us today and really liked it.. i bookmarked it and will be back to check it out some more later

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