{"id":13955,"date":"2010-02-03T09:40:48","date_gmt":"2010-02-03T13:40:48","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=13955"},"modified":"2010-02-03T09:40:48","modified_gmt":"2010-02-03T13:40:48","slug":"banks-shouldnt-be-hedge-funds-volcker-tells-senate","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2010\/banks-shouldnt-be-hedge-funds-volcker-tells-senate.html","title":{"rendered":"Banks shouldn&#8217;t be hedge funds, Volcker tells Senate"},"content":{"rendered":"<p>Market Watch &#8211; The federal safety net for commercial banks should protect depositors, not speculators, former Federal Reserve Chairman Paul Volcker told senators on Tuesday, urging them to pass the so-called Volcker Rule that would ban banks from trading for profit and that would restrict the size of the biggest banks.<\/p>\n<p>Volcker, now an adviser to President Barack Obama, told the Senate Banking Committee that the banking system must be restructured to prevent a repeat of the bailouts of 2008.<\/p>\n<p><a href=\"http:\/\/www.marketwatch.com\/story\/banks-shouldnt-be-hedge-funds-volcker-testifies-2010-02-02?dist=afterbell\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Watch &#8211; The federal safety net for commercial banks should protect depositors, not speculators, former Federal Reserve Chairman Paul Volcker told senators on Tuesday, urging them to pass the so-called Volcker Rule that would ban banks from trading for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13955","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=13955"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13955\/revisions"}],"predecessor-version":[{"id":13956,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13955\/revisions\/13956"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=13955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=13955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=13955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}