Sen. Merkley Slams Trump Administration Move to Weaken Volcker Rule, Invite Riskier Wall Street Gambling
June 26, 2020
June 26, 2020
WASHINGTON, June 26 -- Sen. Jeff Merkley, D-Oregon, issued the following statement after Trump administration regulators finalized their regulation weakening the Volcker Rule:
The Volcker Rule, one of the landmark provisions of the 2010 Wall Street reform law, creates a firewall between ordinary banking, like taking deposits and making loans, and high-risk hedge fund style gambling.
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"Deregulation of the banks is exactly the wrong way to boost our . . .
The Volcker Rule, one of the landmark provisions of the 2010 Wall Street reform law, creates a firewall between ordinary banking, like taking deposits and making loans, and high-risk hedge fund style gambling.
* * *
"Deregulation of the banks is exactly the wrong way to boost our . . .