Campbell: "If Volcker Rule so Benign, Why Are Government Entities Exempt?"
January 16, 2014
January 15, 2014 - Questioning witnesses in a Financial Services Committee hearing on the effects of the Volcker Rule on job creators, Congressman John Campbell (CA-45) highlights the inconsistent application of the Volcker Rule to proprietary trading conducted by the government vice the private sector. If the Obama Administration believes the Volcker Rule so harmless, asks Campbell, why are government entities exempted while private sector companies are burdened by its complex and confusing restrictions. This inconsistency not only creates an unfair trading environment, but also creates a significant amount of risk for the private sector.
Hearing memorandum, archived video and witness list available here: http://financialservices.house.gov/calendar/eventsingle.aspx?EventID=366279