Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM), Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) Would be Devastated by Volcker Plan

"Another problem with all of this is the unproven assertion that investment banks in general was the problem which caused the banks to nearly collapse, when in fact it was the bad mortgages that started the financial avalanche, some of which came from the misguided rules from the Community Reinvestment Act which forces banks to originate loans to applicants based upon nothing else than they are a minority, regardless of their ability to pay."