–The Fallacy Of The Volcker Rule (Or “Fixing” The Banks In 5 Easy Steps) (ZeroHedge, Dec 10, 2013):
Submitted by Peter Tchir of TF Market Advisors,
Volcker Rule – Who cares? I know we are supposed to care more about this convoluted rule, but we just can’t.
The concept that somehow “prop” trading brought down the banks seems silly. The idea that market making desks were a dangerous part of the equation is ludicrous.