Volka Rule News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Funds, you make as many bets as you want. your freelancer is essentially you big banks that are inside the system. and one of the issues here is the fact that they're saying, right, jp morgan chase was saying this isn't a bet. we weren't betting. we were hedging a risk. and if it all blows up, we have to hedge it. so we weren't trying to make money. >> we should take a step back. there's a lot of attention on the volka right now. and i think we should realize it's not in effect yet. the banks have until 2014 to comply with it. so the jury is still out. so we have a huge opportunity right now. ...

Of wall street firm to the disadvantage of all firms in america. >> on the flip side, karl. this bill goes after those big banks. if the boca rule gets passed. this breaks up the big banks . they are outraged. isn't that popular with main street limiting their size? >> no. the volka rule will not break up the big banks and would not apply to goldman sachs' activities. it would prohibit bank of america and j.p. morgan to engage in trading. it would keep them from buying and selling u.s. treasuries and that limits the market for u.s. debt it is an unintended consequence. there are thing in the b...