If Senator Dodd wasn't so cozy with Wall Street for so many years he might actually be believable. Somehow it sounds like a tough sell to suggest Volcker's reforms are so radical that they can't be implemented. Maybe it would be hard to do but shouldn't everyone expect much more from the Senate after they did so little as the crisis unfolded? Boo hoo, it's a tough job. What do they think the 10% (or 17%) of unemployed Americans are thinking about how tough their job is these days? They may not be terribly sympathetic.
US Senate Banking Committee Chairman Christopher Dodd said Thursday it will be hard to write a bill to curb proprietary trading by banks as specific as the White House proposed in its so-called "Volcker rule."
In a sign of trouble for the rule unveiled last month by President Barack Obama, Dodd said it would be easier to write a bill requiring regulators to examine questions related to the proposal backed by White House economic adviser Paul Volcker.
