Tag Archives: Volcker rule

Disastrous “Volcker Rule” Compared to Obamacare: Reinstate Glass Steagall!

Arkansas Democrat-Gazette Editorial Page Editor Paul Greenberg yesterday effectively linked the “complexity” of the Volcker Rule to Obamacare, contrasting it to the (principled?) simplicity of Glass-Steagall, under the title “Lost in the Maze,” (subscription only) and includes a not-too-subtle slam … Continue reading

Posted in Glass Steagall | Tagged , , , , , , , | Leave a comment

Volcker Rule Hoax Exposed

Nomi Prins, former Goldman Sachs trader and Demos research fellow, has penned a devastating expose of the massive loopholes written into the Volcker Rule for Truthdig. She began, “The Volcker Rule in its current form ostensibly focuses on mitigating the … Continue reading

Posted in Glass Steagall | Tagged , , , , , , , , , | Leave a comment

“Hoenig Rule”—Bank Separation—a Better Bet Than Volcker Rule

Who needs the Volcker Rule, argues Washington Post columnist Alan Sloan in his column on Thursday entitled “The Volcker Rule: A Triumph of Complexity over Common Sense.” Sloan doesn’t have much use for the Volcker Rule, which he describes as … Continue reading

Posted in Glass Steagall | Tagged , , , , , , | Leave a comment

Chairman of Flemish Socialist Party Blasts Volcker Rule & Bail-in, Calls for Glass-Steagall

Last month, Karel Vereycken, from Agora Erasmus, a movement and political forum associated with the works of American economist Lyndon LaRouche in the U.S. and Jacques Cheminade in France, discussed the perspectives of the banking reform now under consideration in … Continue reading

Posted in Glass Steagall | Tagged , , , , , , , , , | Leave a comment

“The Volcker Rule Won’t Work”

In an interview with Deutsche Welle, Prof. Bill Black slams the Volcker Rule and cites the urgent need for “thinking boldly” and restoring Glass-Steagall. Black says, “[The Volcker Rule] won’t work because it will be too easy to evade.” Besides … Continue reading

Posted in Glass Steagall | Tagged , , , , , , , , , , , , , | Leave a comment

Sen. Elizabeth Warren to Bloomberg TV: We Still Need Glass-Steagall, Despite Volcker Rule

In a video interview with Bloomberg News on Thursday, Sen. Elizabeth Warren declared that irrespective of the Dec. 10 enactment of the Volcker rule, “We still need Glass-Steagall.” A transcript of the Bloomberg interview follows: Warren: “Here back in 2008, … Continue reading

Posted in Glass Steagall | Tagged , , , , , , | Leave a comment

LaRouche: “If It’s War or Revolution That You Want, Then Go Along with This Fake Volcker Rule!”

In a manic burst of activity to try to stop the increased momentum for restoration of Franklin Roosevelt’s Glass-Steagall protections, Obama’s Treasury Secretary Jack Lew, formerly Chief Operating Officer for Citigroup, convened all five of the Dodd-Frank regulatory bodies today, … Continue reading

Posted in Glass Steagall, Lyndon LaRouche | Tagged , , , , , , , , , , , , | Leave a comment