yes-we-canban-prop-trading

Yes, we can...ban prop trading

FinanceAsia readers agree with the US presidentÆs plan to ban deposit-taking institutions from proprietary trading.
 Paul Volcker, the adviser behind President Obama's proposed restrictions on banks.
Paul Volcker, the adviser behind President Obama's proposed restrictions on banks.

President Obama is right to propose the so-called Volcker Rule, which will ban banks from trading with federally insured deposits, according to respondents to a FinanceAsia poll.

Almost two-thirds of readers who voted in the poll were in favour of the ban, outnumbering the No votes by more than two to one. Of the 165 voters, 63% supported the so-called Volcker Rule, named after Paul Volcker, the former chairman of the Federal Reserve who is now President Obama's most senior economic adviser. Just 30% of respondents opposed the ban and 6% were unsure.

It is a result that suggests Obama should have no trouble passing the rule -- if the financial community itself recognises...

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