Relevant:
- Banks Already Moving to Evade Volcker Rule
- U.S. Treasury Releases a A-La-Carte Menu of Congress-Free, Trump/Wall St. Priorities Like Easing Volcker Rule, Curbing CFPB
- Wall Street frets as Volcker Rule nears vote
- Did The Obama Administration Do ANY Homework Before Announcing The Volcker Rule?
- Volcker: Regulators Can't Be Trusted To Act
2008-11-18 — creditwritedowns.com
Mr. Volcker's last statements should be seen as a shot across the bow of financial firms in America. The Obama Administration is going to look askance at excessive compensation and will certainly look to regulation if necessary to amend Wall Street's profligate ways. In essence, Volcker has said the Wall Street bonus system bears a large measure of the blame for the present crisis.
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