{"id":6888,"date":"2013-03-05T14:23:42","date_gmt":"2013-03-05T19:23:42","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=6888"},"modified":"2013-03-05T14:23:42","modified_gmt":"2013-03-05T19:23:42","slug":"volcker-wall-street-kills-regs-by-running-out-the-clock","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/05\/volcker-wall-street-kills-regs-by-running-out-the-clock\/","title":{"rendered":"Volcker: Wall Street Kills Regs By Running Out the Clock"},"content":{"rendered":"<p>Josh Boak at Fiscal Times writes:<\/p>\n<blockquote style=\"background-color:#ddddff;\">\n<p>&#8230;..So when Volcker declared on Monday that the financial regulation system is broken, it\u2019s time to sound the alarm. The gist of his complaint is that Dodd-Frank was passed in the middle of 2010, yet many of its biggest regulations have not been finalized and there is no end in sight.<\/p>\n<p>\u201cI know it\u2019s a complicated bill. I know the markets are complicated,\u201d Volcker said at a conference for the National Association for Business Economics. \u201cTwo-and-a-half years later you can\u2019t have a regulatory apparatus that\u2019s devised by the most important piece of legislation in recent years? That suggests something is rather wrong. Something is dysfunctional.\u201d<\/p>\n<\/blockquote>\n<p>Read more at <a href='http:\/\/www.thefiscaltimes.com\/Articles\/2013\/03\/04\/Volcker-Wall-St-Kills-Regs-by-Running-Out-the-Clock.aspx#page1'>Volcker: Wall Street Kills Regs By Running Out the Clock<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Josh Boak at Fiscal Times writes: &#8230;..So when Volcker declared on Monday that the financial regulation system is broken, it\u2019s time to sound the alarm. The gist of his complaint is that Dodd-Frank was passed in the middle of 2010, yet many of its biggest regulations have not been finalized and there is no end &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/05\/volcker-wall-street-kills-regs-by-running-out-the-clock\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Volcker: Wall Street Kills Regs By Running Out the Clock&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"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":[31,34],"tags":[381,1069,2619],"class_list":["post-6888","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-us-canada-countries-regions","tag-banks","tag-dodd-frank-act","tag-paul-volcker"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Volcker: Wall Street Kills Regs By Running Out the Clock - 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=\"Volcker: Wall Street Kills Regs By Running Out the Clock - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Josh Boak at Fiscal Times writes: &#8230;..So when Volcker declared on Monday that the financial regulation system is broken, it\u2019s time to sound the alarm. The gist of his complaint is that Dodd-Frank was passed in the middle of 2010, yet many of its biggest regulations have not been finalized and there is no end &hellip; Continue reading &quot;Volcker: Wall Street Kills Regs By Running Out the Clock&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/05\/volcker-wall-street-kills-regs-by-running-out-the-clock\/\" \/>\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:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2013-03-05T19:23:42+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/03\\\/05\\\/volcker-wall-street-kills-regs-by-running-out-the-clock\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/03\\\/05\\\/volcker-wall-street-kills-regs-by-running-out-the-clock\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Volcker: Wall Street Kills Regs By Running Out the Clock\",\"datePublished\":\"2013-03-05T19:23:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/03\\\/05\\\/volcker-wall-street-kills-regs-by-running-out-the-clock\\\/\"},\"wordCount\":137,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"keywords\":[\"banks\",\"Dodd-Frank Act\",\"Paul Volcker\"],\"articleSection\":[\"Banks &amp; Interest Rates\",\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/03\\\/05\\\/volcker-wall-street-kills-regs-by-running-out-the-clock\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/03\\\/05\\\/volcker-wall-street-kills-regs-by-running-out-the-clock\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/03\\\/05\\\/volcker-wall-street-kills-regs-by-running-out-the-clock\\\/\",\"name\":\"Volcker: Wall Street Kills Regs By Running Out the Clock - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"datePublished\":\"2013-03-05T19:23:42+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/03\\\/05\\\/volcker-wall-street-kills-regs-by-running-out-the-clock\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/03\\\/05\\\/volcker-wall-street-kills-regs-by-running-out-the-clock\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/03\\\/05\\\/volcker-wall-street-kills-regs-by-running-out-the-clock\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Volcker: Wall Street Kills Regs By Running Out the Clock\"}]},{\"@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":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":6888,"position":1},"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":[]},{"id":1327,"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\/","url_meta":{"origin":6888,"position":2},"title":"Big Banks Are About to Get Blasted by the Volcker Rule :: The Market Oracle :: Financial Markets Analysis &#038; Forecasting Free Website","author":"ColinTwiggs","date":"October 13, 2011","format":false,"excerpt":"Since a significant chunk of the big banks' profits - especially that of Goldman Sachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS) - 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\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":34374,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/06\/11\/larry-summers-fed-will-require-same-disinflation-as-under-volcker\/","url_meta":{"origin":6888,"position":3},"title":"Larry Summers: Fed needs same disinflation as under Volcker","author":"Colin Twiggs","date":"June 11, 2022","format":false,"excerpt":"Larry Summers highlights a paper from the NBER regarding measurement of CPI since the 1980s. Changes in how cost of housing is measured have lowered core CPI relative to the methodology used prior to the early 1980s (blue line below). Applying the current methodology (red line) retrospectively suggests that comparable\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":"Larry Summers","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-06-10-summers.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-06-10-summers.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-06-10-summers.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":24380,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/03\/04\/commodities-warn-of-inflation\/","url_meta":{"origin":6888,"position":4},"title":"Commodities warn of inflation","author":"Colin Twiggs","date":"March 4, 2021","format":false,"excerpt":"Former Fed chairman Paul Volcker used price changes in a basket of commodities as a surrogate for inflation. In his book Return to Prosperity economist Arthur Laffer describes Volcker's approach: In the early 1980s under gifted Federal Reserve chairman Paul Volcker (1979-87), the United States once again returned to a\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":5843,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/25\/we-should-go-further-unbundling-banks-andy-haldane-bank-of-england\/","url_meta":{"origin":6888,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6888","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=6888"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6888\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=6888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=6888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=6888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}