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Lawmakers, industry experts sound off on Volcker Rule as final regulations loom
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Financial Stability, Volcker Rule
Wednesday, January 2, 2013
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Republicans and industry participants took parting shots at Dodd-Frank’s ban on banks’ proprietary trading during the House Financial Services Committee’s final hearing before representatives headed home for their holiday break. Opponents of the Volcker Rule –– named after former Federal Reserve Chairman Paul Volcker –– said Dodd-Frank’s provisions could ultimately harm financial markets, businesses, investors and job creation.
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