There Are 6 Arguments Against The Volcker Rule. Here's Why They're Wrong

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There are six big arguments against the Volcker Rule. Here's why they're wrong. "In order to limit the government's need to act as a safety net during a crisis, regulators are creating various tools that try to do three big things: First, the financial sector will have to internalize some of the costs of crises and insurance. Second, there's more supervision of banks through things like capital requirements. Third, there are limits on the sorts of activities the banks can do. The Volcker Rule mainly focuses on the third component -- it prevents banks from engaging in "proprietary trading," which essentially removes the parts of banks that gamble and act like hedge funds, because those parts can blow up quickly." Mike Konczal in The Washington Post.