Fed Delays Volcker Rule, Giving Wall Street; Another Holiday Gift

How can you beat these Wall Street thieves when they are sleeping with the guys that make the laws and supposedly are obligated to enforce them? The little guys just have to go along for the ride while the billionaires keep filling their vaults.

WASHINGTON — Christmas came early for Wall Street this year. The Federal Reserve on Thursday approved for the banks an extra year to comply with a key provision of the Volcker Rule, a move that gives financial lobbyists more time to kill the new regulation before it goes into effect.

There was a law passed in 2010 called the Volcker Rule that bans banks from engaging in proprietary trading/speculative deals that are designed only to benefit the bank itself, rather than its clients.

Now four years later in 2104 and the feds gave their bed-fellows another year of grace, maybe longer before they will have to live by the Volcker Rule.

Isn’t that very generous of the feds to take care of the big money people?

No one can convince me that there isn’t some big-time kickbacks being exchanged along the way to reward these favors.

There is some conversation that the central bank plans to extend the deadline by another 12 months next year, which would give Wall Street a two-year free ride through the 2016 presidential election.

Talk about a bunch of high priced whores running this country!!