FDIC relaxes key Volcker Rule restrictions

Posted by elsewhen on Friday June 26, 2020 @12:16AM
from the cnn.com dept.

( 2 comments | 4 points | on HN )

Re:FDIC relaxes key Volcker Rule restrictions by arthurcolle on Friday June 26, 2020 @12:34AM (#23648751)

Makes sense to let banks take more risk at an arm's length away from ATHs.

Obviously now they'll help invest in growing, and distressed companies, and won't take outright net short positions against pressured industries.

[ Parent | on HN ]

Re:FDIC relaxes key Volcker Rule restrictions by luminadiffusion on Friday June 26, 2020 @01:04AM (#23648863)

This worked out so well in 2007 - 2008 that we just had to try it again, huh?

Why is this administration an such incredible engine for useless ideas?

[ Parent | on HN ]