Banks dodge the Volcker Lincoln bullet

Discussion in 'Stock Market' started by sparky, Jul 1, 2010.

  1. sparky
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    sparky VIP Member

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    US Banks Off the Hook Until 2022 | CommonDreams.org

    A string of delays and extension periods written into a final version of Congress's financial regulation reform bill means that firms such as Citigroup and Goldman Sachs could exploit loopholes until 2022 before withdrawing from "illiquid" funds such as private equity. The long gestation period is an example of the degree of compromise inserted into the package following months of lobbying on Capitol Hill by powerful banks

    the usual cast of the best congressional muppets wall street can buy eh?

    [​IMG]

    ~S~
     

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