{"id":1327,"date":"2011-10-13T16:33:41","date_gmt":"2011-10-13T20:33:41","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=1327"},"modified":"2011-10-13T16:33:41","modified_gmt":"2011-10-13T20:33:41","slug":"big-banks-are-about-to-get-blasted-by-the-volcker-rule-the-market-oracle-financial-markets-analysis-forecasting-free-website","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/13\/big-banks-are-about-to-get-blasted-by-the-volcker-rule-the-market-oracle-financial-markets-analysis-forecasting-free-website\/","title":{"rendered":"Big Banks Are About to Get Blasted by the Volcker Rule :: The Market Oracle :: Financial Markets Analysis &#038; Forecasting Free Website"},"content":{"rendered":"<p>Since a significant chunk of the big banks&#8217; profits &#8211; especially that of Goldman Sachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS) &#8211; come from various forms of proprietary trading, the Volcker Rule stands to cost the industry billions in revenue.<\/p>\n<p>To prevent cheating, complex compliance rules will require that banks prove that all their trading activities are for clients&#8217; benefit, and not proprietary. Compliance alone is expected to tack on another $2 billion in costs.<\/p>\n<p>via <a href=\"http:\/\/www.marketoracle.co.uk\/Article30955.html\">Big Banks Are About to Get Blasted by the Volcker Rule :: The Market Oracle :: Financial Markets Analysis &amp; Forecasting Free Website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since a significant chunk of the big banks&#8217; profits &#8211; especially that of Goldman Sachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS) &#8211; come from various forms of proprietary trading, the Volcker Rule stands to cost the industry billions in revenue. To prevent cheating, complex compliance rules will require that banks prove that &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/13\/big-banks-are-about-to-get-blasted-by-the-volcker-rule-the-market-oracle-financial-markets-analysis-forecasting-free-website\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Big Banks Are About to Get Blasted by the Volcker Rule :: The Market Oracle :: Financial Markets Analysis &#038; Forecasting Free Website&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[1588,2369,3619],"class_list":["post-1327","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","tag-goldman-sachs","tag-morgan-stanley","tag-volcker-rule"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Big Banks Are About to Get Blasted by the Volcker Rule :: The Market Oracle :: Financial Markets Analysis &amp; Forecasting Free Website - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Big Banks Are About to Get Blasted by the Volcker Rule :: The Market Oracle :: Financial Markets Analysis &amp; Forecasting Free Website - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Since a significant chunk of the big banks&#8217; profits &#8211; especially that of Goldman Sachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS) &#8211; come from various forms of proprietary trading, the Volcker Rule stands to cost the industry billions in revenue. To prevent cheating, complex compliance rules will require that banks prove that &hellip; Continue reading &quot;Big Banks Are About to Get Blasted by the Volcker Rule :: The Market Oracle :: Financial Markets Analysis &#038; Forecasting Free Website&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/13\/big-banks-are-about-to-get-blasted-by-the-volcker-rule-the-market-oracle-financial-markets-analysis-forecasting-free-website\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2011-10-13T20:33:41+00:00\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/13\/big-banks-are-about-to-get-blasted-by-the-volcker-rule-the-market-oracle-financial-markets-analysis-forecasting-free-website\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/13\/big-banks-are-about-to-get-blasted-by-the-volcker-rule-the-market-oracle-financial-markets-analysis-forecasting-free-website\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Big Banks Are About to Get Blasted by the Volcker Rule :: The Market Oracle :: Financial Markets Analysis &#038; Forecasting Free Website\",\"datePublished\":\"2011-10-13T20:33:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/13\/big-banks-are-about-to-get-blasted-by-the-volcker-rule-the-market-oracle-financial-markets-analysis-forecasting-free-website\/\"},\"wordCount\":119,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"Goldman Sachs\",\"Morgan Stanley\",\"Volcker Rule\"],\"articleSection\":[\"Banks &amp; Interest Rates\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/13\/big-banks-are-about-to-get-blasted-by-the-volcker-rule-the-market-oracle-financial-markets-analysis-forecasting-free-website\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/13\/big-banks-are-about-to-get-blasted-by-the-volcker-rule-the-market-oracle-financial-markets-analysis-forecasting-free-website\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/13\/big-banks-are-about-to-get-blasted-by-the-volcker-rule-the-market-oracle-financial-markets-analysis-forecasting-free-website\/\",\"name\":\"Big Banks Are About to Get Blasted by the Volcker Rule :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"datePublished\":\"2011-10-13T20:33:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/13\/big-banks-are-about-to-get-blasted-by-the-volcker-rule-the-market-oracle-financial-markets-analysis-forecasting-free-website\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/13\/big-banks-are-about-to-get-blasted-by-the-volcker-rule-the-market-oracle-financial-markets-analysis-forecasting-free-website\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/13\/big-banks-are-about-to-get-blasted-by-the-volcker-rule-the-market-oracle-financial-markets-analysis-forecasting-free-website\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Big Banks Are About to Get Blasted by the Volcker Rule :: The Market Oracle :: Financial Markets Analysis &#038; Forecasting Free Website\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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Chairman Sheila Bair said Thursday.\"Don't let insured deposits fund that activity,\" Ms. Bair said at a roundtable on the Volcker rule held by staff of the Commodity Futures Trading\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1274,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/12\/too-big-to-fail-is-here-to-stay\/","url_meta":{"origin":1327,"position":1},"title":"Too-big-to-fail is here to stay","author":"ColinTwiggs","date":"October 12, 2011","format":false,"excerpt":"Lehman Brothers' collapse in 2008 was intended to intended to teach financial markets that they could not rely on an implicit government guarantee for too-big-to-fail (TBTF) banks. What bondholders learned was the opposite: never again would an institution of that size be allowed to collapse because of the de-stabilizing effect\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4689,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/21\/moodys-downgrades-morgan-stanley-other-banks-wsj-com\/","url_meta":{"origin":1327,"position":2},"title":"Moody&#039;s Downgrades Morgan Stanley, Other Banks &#8211; WSJ.com","author":"Colin Twiggs","date":"June 21, 2012","format":false,"excerpt":"Moody's Investors Service dealt a fresh blow to the financial sector, downgrading more than a dozen global banks to reflect declining profitability in an industry being rocked by soft economic growth, tougher regulations and nervous investors. The move hit five of the six biggest U.S. banks by assets, including Morgan\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5843,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/25\/we-should-go-further-unbundling-banks-andy-haldane-bank-of-england\/","url_meta":{"origin":1327,"position":3},"title":"We should go further unbundling banks &#124; Andy Haldane &#124; Bank of England","author":"Colin Twiggs","date":"October 25, 2012","format":false,"excerpt":"Andrew Haldane, BOE Director of Financial Stability, addresses the too-big-to-fail problem in a recent article and makes the point that reducing complexity would increase investor trust in the banking system and improve liquidity. .......Today, the Volcker proposals in the US, the Vickers proposals in the UK and the Liikanen proposals\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7326,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/27\/forget-too-big-to-fail-kill-the-fractional-reserve-banking-system\/","url_meta":{"origin":1327,"position":4},"title":"Forget too-big-to-fail: Kill the fractional reserve banking system","author":"ColinTwiggs","date":"March 27, 2013","format":false,"excerpt":"Interesting discussion on Bloomberg about currency-backed deposits and equity-funded loans. The fractional reserve banking system is the primary cause of instability and asset bubbles in the global economy, allowing banks to create money out of thin air. Credit expansion above the rate of real GDP growth has only two possible\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7374,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/30\/when-you-werent-looking-democrat-bank-stooges-launch-bills-to-permit-bailouts-deregulate-derivatives-naked-capitalism\/","url_meta":{"origin":1327,"position":5},"title":"When You Weren\u2019t Looking, Democrat Bank Stooges Launch Bills to Permit Bailouts, Deregulate Derivatives \u00ab naked capitalism","author":"ColinTwiggs","date":"March 30, 2013","format":false,"excerpt":"Yves Smith reports on attempts to undermine the Volcker Rule and why the rule is so important: In the US, depositors have actually been put in a worse position than Cyprus deposit-holders, at least if they are at the big banks that play in the derivatives casino. The regulators have\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=1327"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1327\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=1327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=1327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=1327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}