Why Wall Street Distracts Us With the Volcker Rule
The following video is part of our "Motley Fool Conversations" series, in which senior analyst Anand Chokkavelu, CFA, discusses topics across the investing world.
We're moving toward finalizing the implementation rules of the Volcker Rule (expected to be in July). The big, complex banks like Bank of America, Citigroup, and JPMorgan aren't fans of restrictions on proprietary trading (even though they'd likely get around them anyway), but the Volcker Rule in any form is a good deal more palatable to them than a resurrection of Glass-Steagall. Anand disagrees with the banks and believes common-sense restrictions are the best way to save banks from themselves. Check out the video below.
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At the time this article was published Anand Chokkavelu, CFA, owns shares of Bank of America, JPMorgan Chase, BAC (LEAPS), and Citigroup. The Motley Fool owns shares of Bank of America, Citigroup, and JPMorgan Chase. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.