The ChamberPost A Blog for Business

Volcker Rule Will Be a Grinch to U.S. Capital Markets

Dec 11, 2013

Business men and women of Whoville beware: Paul Volcker may be swiping your Christmas cheer.

Yesterday, federal regulators voted to approve the Volcker Rule, named after former Federal Reserve Chairman, Paul Volcker.

While the Volcker Rule seeks to ban proprietary trading, it goes beyond that. Congress and regulators may have shot at Wall Street, but they will hit Main Street instead.