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Current Events => General Discussion => Topic started by: The Village Idiot on April 25, 2010, 08:22:34 PM

Title: USAA wants your support against Volcker rule
Post by: The Village Idiot on April 25, 2010, 08:22:34 PM

I think I've read that some of you use USAA

http://money.cnn.com/2010/04/23/news/economy/usaa_volcker.fortune/

(Fortune) -- USAA is urging all of its members to take action against part of President Obama's financial reform package called the Volcker Rule, designed to keep banks from investing their money in a way that would compete with clients. That practice, called proprietary trading, is often blamed as a partial cause of the financial crisis.

The instiution is lauching an aggressive campaign via their website, Facebook, and Twitter, but it seems to be glossing over the details of its stance -- namely, the fact that USAA actually has no problem with the Volcker rule as it applies to nearly every other financial institution that would fall under its purview

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Title: Re: USAA wants your support against Volcker rule
Post by: littlelamb on April 26, 2010, 03:39:50 AM

Very intresting thanks for sharing FGL