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'Short-term' problem of Volcker rule

The Volcker Rule’s lack of definition for what constitutes ‘short term’ leaves the door open for regulators to change proposed implementation

"If it doesn't fit, you must acquit." Wall Street's defence against regulatory efforts to ban some of its trading practices is reminiscent of Johnnie Cochran's famous rhyme about ill-fitting gloves in the OJ Simpson trial. (Simpson was found not guilty of the murders of his ex-wife and one of her friends).

Wall Street's defence against regulatory efforts to ban some of its trading practices is reminiscent of Johnnie Cochran's famous rhyme about ill-fitting gloves in the OJ Simpson trial. (Simpson was found not guilty of the murders of his ex-wife and one of her friends).

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