The late news out is that the FDIC will loosen up the Volcker Rule, allowing banks to make investments into VC. Hah so much for prudence, bring on the Credit Default Swaps! Also the FED Pomo schedule is out and tomorrow will see nearly $9bln in QE’d Bonds tomorrow, is this what’s led to the run up into the close?
FDIC Loosens Volcker Rule and FED POMO Lifting Equities?
The late news out is that the FDIC will loosen up the Volcker Rule, allowing banks to make investments into VC. Hah so much for prudence, bring on the Credit Default Swaps! Also the FED Pomo schedule is out and tomorrow will see nearly $9bln in QE’d Bonds tomorrow, is this what’s led to the run up into the close?