REPOST: Scenes, Some Lawmakers Lobby to Change the Volcker Rule


As regulators put the finishing touches on new rules for Wall Street, they remain entangled in a partisan fight over the overhaul.

In public letters and closed-door meetings, more than 100 lawmakers have lobbied the Federal Reserve and other authorities over the Volcker Rule, records show. The rule, intended to restrict banks from placing risky trades and investing with hedge funds, has drawn an outcry from Republicans who want to mute its effect and some Democrats who want to strengthen it.

Read More: http://dealbook.nytimes.com/2012/09/20/behind-the-scenes-a-lawmaker-pushes-to-curb-the-volcker-rule/

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