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Hill Skeptical Proprietary Trading Ban is Necessary

Democratic and Republican lawmakers say 'Volcker Rule' would not have prevented the financial crisis


By Stacy Kaper, American Banker

February 3, 2010

An Obama administration push to ban banks from proprietary trading and limit their growth suffered a setback Tuesday as lawmakers from both parties raised concerns that the so-called "Volcker Rule" would have done little to nothing to prevent the financial crisis.

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