hahah remember those safegards they made after banks failed, such as reserve requirments after 2008, they got rid of those eariler this year. Today they changed the Volcker rule which was meant to stop banks from prop trading. https://www.investopedia.com/terms/v/volcker-rule.asp
todays changes https://www.sec.gov/rules/final/2020/bhca-9.pdf
anyone understand this??? banks can now invest in risky shit like crypto? it seems like a hail mary attempt, like the banks are going down, so give them the option to go double or nothing in hopes of winning it all back?
Topic: Financial Regulators Modify Volcker Rule (Read 70 times)
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