“There are good, common sense reasons to adopt something like the Volcker Rule.
But it should be duly passed by the Congress. Not imposed by fiat by unelected bureaucrats.”
It was duly passed by Congress, as part of Dodd-Frank. This is just the implementation of the Dodd-Frank provisions.
And now Barney Fag is arguing that it should not be implemented. He was for it but that was before he was against it.
http://online.wsj.com/news/articles/SB10001424052702304465604579220052504852822