'Casino' banks targeted in Volcker rule

It looks certain that some version of the so-called Volcker rule will make it into the financial reform package being prepared by the U.S. Congress. Paddy Hirsch explicates what the Volcker rule is. More at Marketplace.org

Category:

Education

Tags:

• whiteboard
• volcker
• rule
• financial
• reform
• congress
• business
• economy
• finance
• banks
• banking
• paddy
• hirsch

[scutter4christ]

Thank you sir.

I've said it before and I will say it again, your videos are among some of the very best on youtube and I am thankful, as I know many others are, that you take the time to share them with us.

[circusboy90210]

@nld1960 I would invest in my own future like liquid assets, silver for one, (it's real money) start a little recession proof biz, or invest into one. There are many opportunity's in niche markets out there just begging to be served. what is you passion in life? what do you like to do?? there is money everywhere in the marketplace looking for an outlet.

[patrickcorliss]

@marketplacevideos

Please see "Former Fed Chairman Bank Rule Ignored"

TheYoungTurks on YouTube at watch?v=iS2aGHcpDLc

[mikepousti]

Good points inside your write-up, you have got a helpful video here. Appreciate the thoughts.

[12101andyoutub]

I wish he was my teacher

[AngryPenguin27]

I have a problem with this assumption that so many people have been making about this issue. This analogy assumes that no one will be interested in buying the house after the "backdoor casino" goes bad. Likewise, there has been an assumption that the capital and labor from large corporations will not be redistributed under bankruptcy. Many people seem to think that "once one house goes down, so does the neighborhood. We'll all pay the price if we all don't do something." This simply isn't true.

[circusboy90210]

@nld1960 ok then what happens to this money?? anyhow I'm looking for an investor to start my ice cream truck business back up this summer and it's totally recession proof. let me know what you think do some research the offer is on the table.

[nld1960]

@circusboy90210 The unemployment rate traditionally given only counts people looking for work, collecting unemployment, etc. It does not measure discouraged workers who have quit trying to find a job, as well as those working part-time but looking for full-time work or who are otherwise underemployed, count in the U-6 rate.

So the real rate just in is 17.5% cnbc.com/id/34040009 Fiat money has a 40 year lifespan. It was made fiat on 8/1071 by Nixon.

[nld1960]

@circusboy90210 Wow, what you are saying is that our economy is fine, our federal reserve fiat money is in good shape and we have nothing to worry about? Obama is doing a good job? That is just great to hear.

[thequickfrowningox]

You irish alcoholic bastard! ;)

[circusboy90210]

@nld1960 were did you get the 16% jobless??? probably 40 billion of food stamps 84 percent would still have jobs we still export plent here. inflation means a weak dollar which then creates more demand for our product. the banks are loaning plenty of cash it's just not recieving positive publicity. fractional banking has been around for a long time, printing money increases the money supply and creates more opportunity. I used to buy into the whole gold back currency too it's a lie as well.

[nld1960]

@scutter4christ I could not have said it better. Like your handle.