{"id":650152,"date":"2010-02-01T12:11:01","date_gmt":"2010-02-01T17:11:01","guid":{"rendered":"http:\/\/blogs.reuters.com\/felix-salmon\/2010\/02\/01\/can-goldman-dodge-the-volcker-rule\/"},"modified":"2010-02-01T12:11:01","modified_gmt":"2010-02-01T17:11:01","slug":"can-goldman-dodge-the-volcker-rule","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/650152","title":{"rendered":"Can Goldman dodge the Volcker rule?"},"content":{"rendered":"<p>The Volcker rule is an attempt to ensure that banks which are too big or interconnected to fail &#8212; institutions which will certainly get bailed out if they blow up &#8212; don&#8217;t take inordinate risks on their own account. <a href=\"http:\/\/www.reuters.com\/article\/idUSTRE60R6R820100128\">So this worries me<\/a>:<\/p>\n<blockquote>\n<p>Some institutions will be able to avoid facing the Volcker rule by shedding their insured deposits, according to U.S. Deputy Treasury Secretary Neal Wolin on Monday.<\/p>\n<p>Goldman Sachs Group, which funds fewer than 5 percent of its assets with deposits, could easily change its funding profile to get out from under the rule.<\/p>\n<\/blockquote>\n<p>Why should an enormous bank like Goldman get out from under the Volcker rule just by dint of not taking deposits? If it&#8217;s a leveraged institution with a risk of systemically-damaging failure, then it&#8217;s exactly the kind of bank which should be subject to the rule. Or is Treasury, here, trying to weaken Volcker&#8217;s intent?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Volcker rule is an attempt to ensure that banks which are too big or interconnected to fail &#8212; institutions which will certainly get bailed out if they blow up &#8212; don&#8217;t take inordinate risks on their own account. So this worries me: Some institutions will be able to avoid facing the Volcker rule by [&hellip;]<\/p>\n","protected":false},"author":3172,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-650152","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2J8k","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/650152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/3172"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=650152"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/650152\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=650152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=650152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=650152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}