robinümblr

RSS
Oct 26

I don’t like it, but there it is. … If they think it’s too complicated, they have no one to blame but themselves.

- Former Fed chairman Paul Volcker, commenting to the New York Times on how the proprietary trading ban he originally proposed to rein in banks’ risk-taking — once a simple 3-page letter to the president — has ballooned into 298 pages of complex regulations after Wall Street firms lobbied for many exemptions.  (via officialssay)

Reblogged 4 months ago from officialssay

47 notes