you know.
Nothing bad happened before right?
If you though the last economic meltdown was something?
Wait till the next one.
Matter of time.
The Federal Reserve proposed Wednesday to revise the Volcker Rule to apply to financial firms based on their trading activity.
The Volcker Rule was proposed during the financial crisis in an effort to prevent banks from speculating in markets.
The rule went into effect four years ago and generally prevents banks from trading for their own profit or having stakes in a hedge fund or private equity fund.
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