Analysis: Bill would provide loopholes in "Volcker rule"

07/6/2010 | Wall Street Journal, The

Legislation to overhaul financial regulation includes the "Volcker rule," which would limit the amount of funds that banks can use for proprietary trading. However, the bill would allow proprietary trading in municipal bonds, Treasurys and bonds issued by Fannie Mae, Freddie Mac and other government-backed entities. A total of $20 trillion worth of those bonds were outstanding at the end of last year, according to the Securities Industry and Financial Markets Association.

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