US closer to reforming banking

The United States moved closer to reforming the banking system yesterday when the final wording of the bill before Congress was agreed.  It goes someway towards restricting the range of activities banks can engage in, such as proprietary trading.  It also includes a new one-off levy on the banking system which is expected to raise $19bn.


While not perfect and not the full version of the Volcker Rule, this is a significant step in the right direction.  We should learn from it here in the UK.


Stephen Beer, 26/06/2010

KARMA MRA MGTOW (Guest) 07/07/2010 01:03
False accusations of rape make things even worse or the genuine rape victims, for some reasons feminists are blind to this. FYI: Perhaps the ultimate HATE crime is to accuse a man of rape, when he is innocent. Hmmm it will be interesting to see how a feminist would react if this happened to a male family member or friend rather than some male that probability deserved it.

 Recent Articles 
Labour and the coronavirus crisis 
An election of peace, good will, and hope? 
Standing for Vauxhall 
It's not enough for investment funds to quote development goals 
Clearer and firmer line against anti-Semitism needed from Labour Leadership 
 Labour News