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.
I thought Congress gave authorization for the rule when they passed Dodd-Frank.
But unelected bureaucrats have done so much good for the world. Why, if it hadn’t been for unelected bureaucrats, the Soviet Union would never have collapsed under their weight.
Spot on.
“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.