Bankers are trying to destroy the Volcker Rule
Public Comment by April 1 2020 needed to keep the Volcker Rule in place
READ: Federal Reserve proposes loosening rules on bank investments
WASHINGTON (AP) — The Federal Reserve approved a proposal Thursday to loosen a financial-crisis era rule that prevents banks from investing in venture capital funds.
The proposal would affect the so-called “Volcker Rule,” which was created after the 2008 financial meltdown. The staff memo to the Board will be made available to attendees on the day of the meeting in paper and the background material will be made available on a compact disc (CD). If you require a paper copy of the entire document, please call Penelope Beattie on 202-452-3982. The documentation will not be available until about 20 minutes before the start of the meeting.
The proposal was drafted jointly with four other regulatory agencies and will be open to public comment until April 1.
https://apnews.com/aed534c141d5939eff18cea5521967f2
#VolckerRule “Volcker Rule,” open to public comment until April 1, 2020
Agencies propose changes to modify Volcker rule “covered funds” restrictions
Board of Governors of the Federal Reserve System
20th Street and Constitution Avenue N.W., Washington, DC 20551
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20200130b.htm
Tell them you want to keep the Volcker rule in place. Protect us from the banks who brought the world market down in 2008.
The Federal Reserve approved a proposal Thursday to loosen a financial-crisis era rule that prevents banks from investing in venture capital funds.
HOW TO SUBMIT YOUR COMMENTS
Thanks to Pam Martens Wall Street on Parade
Or email the email address provided in the document at the respective Federal agency and ask for the RIN # and refile; then check to be sure it got listed in public comments.
Request for Comment on the Volcker Rule
The final rule implementing section 13 of the Bank Holding Company Act (commonly referred to as the “Volcker… The OCC is not requesting comment on changes to the underlying Volcker statute.
https://www.federalreserve.gov/aboutthefed/boardmeetings/files/volcker-rule-fr-notice-20200130.pdf
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10 Years after the Banks Crashed the U.S. Economy What have we Learned?
Bankers are trying to destroy the Volcker Rule