This is the second in a series of two articles focusing on the Volcker rule. The first article on efforts to reform or repeal the rule is available here.
A rumour has haunted the halls of the US Treasury building for the past seven years. It is a murky tale from the recent past, half-whispered by today’s young department staffers, unsure of its veracity and even less sure of whether they should be repeating it.
It is a story about narrow political goals contaminating the legislative process