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...
¬ Haymarket Media Limited. All rights reserved.
