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Volcker Rule May Mostly ‘Go Up in Smoke,’ Goldman’s Levitt Says

Volcker Rule May Mostly ‘Go Up in Smoke,’ Goldman’s Levitt Says
October 13, 2011, 1:02 PM EDT
By Charles Mead and John Tucker

Oct. 13 (Bloomberg) — The Volcker rule, which would bar banks from trading for their own accounts, is likely to be postponed and weakened amid lobbyists’ resistance, said former Securities and Exchange Commission Chairman Arthur Levitt, who advises Goldman Sachs Group Inc.


Now The Balance Begins To Shift

The balance between QE and Treasury supply will begin to shift in July. The underlying bid it has provided for stocks and Treasuries will begin to fade.

This report tells why, and what to look for in the data and the markets.  GO TO THE POST


Wall Street “will be doing all it can to delay this until they hope there’s a Republican president and a Republican Senate,” Levitt said in a radio interview

http://www.businessweek.com/news/2011-10-13/volcker-rule-may-mostly-go-up-in-smoke-
goldman-s-levitt-says.html

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