And you are here why?

Barry Ritholz points out why The Volcker Rule is A Good Thing .  First the Volcker Rule - in its simplest form sez "Banks can not speculate with consumer money".  In a wee bit more complicated form, it sez . Trading restrictions placed on financial institutions. The Volcker rule separates investment banking, private equity and   proprietary   trading   (hedge fund) sections of financial institutions from their consumer lending arms. Banks are not allowed to simultaneously enter into an advisory and creditor role with clients, such as with private equity firms. The Volcker rule aims to minimize conflicts of interest between banks and their clients through separating the various types of business practices   financial   institutions engage in. So, why does Barry think this is A Good Thing . In short, just two words - MF Global . To quote --> Recall the basic facts of MFG: Management engaged in leveraged speculations with monies — whethe...

Its by Occupy The SEC, and it is spectacular . Go read it .  Seriously. And if you can't be bothered, go check out the commentary by Felix Salmon . "...the Volcker Rule simply removes the government’s all-too-visible hand from underneath the pampered haunches of banking conglomerates”