Yada yada yada.
U.S. regulators unveiled a ban on Wall Street banks' trading for their own profit, but the long-awaited Volcker rule proposal was so complex that banks blasted it as unworkable and consumer groups dismissed it as too weak.
Well, that's to be expected.
Simply re-instate Glass Steagall. Simple, to the point. Case closed.
Amen! Back to Glass-Steagall - which was deep-sixed by none other than William D. (as in "Deregulation") Proxmire, a name which should be familiar to 'sconnies who've been around for a few years.
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