And the irony to me is that if there was a good Volcker Rule in place, they might not have been able to do this because it clearly does not seem to be hedging customer risk or even the overall exposure of the bank's portfolio.
Reed highlights the potential effectiveness of the Volcker Rule in preventing financial missteps.
Share
More from Jack Reed
This measure is a tribute to Senator Graham’s tenacious, bipartisan work in support of Ukraine.
President Trump has been explicit about his desire to extract Venezuela's oil," Reed said in a statement.
Six months later, not a single objective has been achieved. Indeed, he has weakened our position in the Middle East and the world significantly.
Other voices in this conversation
