The Volcker Rule

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The Volcker Rule, named after former Federal Reserve Chairman Paul Volcker, restricts banks from making certain speculative kinds of investments if they are not on behalf of their customers.

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[President Obama's] endorsement of what he calls the "Volcker Rule" for once puts him squarely on the side of ordinary Americans as opposed to the banking bandits who have so thoroughly fleeced the public.
In a move that many see as nothing more than a clever attempt to tap into popular sentiment that the banking industry is the root of all evils, the President announced yesterday that he is proposing a major overhaul of said industry...
Editors Note: