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Strategies & Market Trends : The coming US dollar crisis
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To: Real Man who wrote (54079)12/11/2013 2:58:37 PM
From: ggersh  Read Replies (1) of 71454
 
You never mentioned that I need a lawyer to figure out what
a hedge is .....-vbg-


This Is How Much The Banks Paid To Get The "Volcker Rule" Outcome They Desired
Submitted by Tyler Durden on 12/11/2013 - 14:14 Curious how much the various banks who stood to be impacted by or, otherwise, benefit from either a concentration or dilution of the Volcker rule? According to OpenSecrets, which crunched the numbers, here is how much being able to continue prop trading meant to some of the largest US banks and lobby groups:

Not bad considering the loophole-ridden Volcker Rule will effectively permit "hedge" books (where an army of lawyers paid $1000/hour defines just what a hedge is) to continue piling on billions of dollars in wildly profitable, Fed reserve funded trades.
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