Friday, December 19, 2014

Complete Regulatory Capture


 BBC Reports:

The US Federal Reserve has given Wall Street banks even more time to comply with parts of the Volcker Rule, a key provision of the 2010 Dodd-Frank financial reform bill. The rule prevents federally-insured banks from using their own money when investing in certain risky assets. The Fed had already announced banks would have until 2017 to deal with one type of trading product. It will now grant an extension to other types of funds.

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 They don't even pretend anymore. 

4 comments:

Cinco-X said...

The Fed obliviously understands Calvinball all too well...

Cinco-X said...

How academia's liberal bias is killing social science



I point this out not to score culture-war points, but because it's actually a serious problem. Social sciences and humanities cannot be completely divorced from the philosophy of those who practice it. And groupthink causes some questions not to be asked, and some answers not to be overly scrutinized. It is making our science worse. Anyone who cares about the advancement of knowledge and science should care about this problem.

Rob Dawg said...

There's more confirmation bias out there than there are parabolic trend failures!

Thomas Stone said...

Dawg, why should they pretend?
The "Rule of Law" has been abandoned in the USA and they are the big dogs.