Depriving the insurance companies that invest on behalf of those pensioners, the returns available through investments in covered fund impairs the ability of those pensioners to maintain their retirement security.
Hensarling cites concerns from TIAA-CREF about the impact of the Volcker Rule on pensioners' security.
Share
More from Jeb Hensarling
As we saw in the last crisis, it is the average hardworking Americans that will suffer the consequences if Washington deregulates Wall Street mega banks again.
As New York is increasingly shoving capital out, Texas is saying, 'You're welcome here.
So if that is permitted right now then I am going to raise my hand at the board meeting when the senior vice president for credit administration comes in with this big gobbledygook proposal and says, 'Hey, I like it. That is fascinating…
Other voices in this conversation
