In record numbers, public citizens call for strong Volcker Rule

By Rick Claypool and Bartlett Naylor

Flickr photo by wintersoul1

The Wall Street Journal’s Victoria McGrane reports:

The so-called Volcker Rule has broken the record for attracting the most comment letters submitted on any Dodd-Frank proposal.

Regulators have received a whopping 17,000-plus comments on the proposal, a Federal Reserve spokeswoman said. And some poor junior-level staffers are still counting them. The rule restricts U.S. banks from making bets with their own money.

More than 15,700 of those comments came from activists mobilized by Public Citizen’s online organizing efforts. More