Occupy the SEC Releases 325-Page Comment Letter on "Volcker Rule" Proposals

A blog about business and economics.
Feb. 14 2012 8:40 AM

Occupy the SEC Releases 325-Page Comment Letter on "Volcker Rule" Proposals

I naturally have not had time to read these 325 pages' worth of commentary from Occupy the SEC in response to regulatory agencies' request for comments on proposed implementations of the Volcker Rule, but I sure am glad to see it. It gets fashionable at times to respond to poor performance from the political system with disengagement from it, but policy fights are won by people who show up. This is the day-in, day-out grind of policymaking—calling legislators, responding to regulatory agencies, learning the issues, encouraging someone good to run for office, etc.

On the merits, I think the Volcker Rule is basically a sideshow as far as the real causes of the 2007 financial panic or the subsequent Lesser Depression are concerned, but for somewhat murky reasons this is what landed on the agenda as a way of limiting the clout of the biggest financial institutions, so it's worth sticking up for a sound implementation.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.


Medical Examiner

The Most Terrifying Thing About Ebola 

The disease threatens humanity by preying on humanity.

I Bought the Huge iPhone. I’m Already Thinking of Returning It.

Scotland Is Just the Beginning. Expect More Political Earthquakes in Europe.

Students Aren’t Going to College Football Games as Much Anymore

And schools are getting worried.

Two Damn Good, Very Different Movies About Soldiers Returning From War

The XX Factor

Lifetime Didn’t Think the Steubenville Rape Case Was Dramatic Enough

So they added a little self-immolation.


Blacks Don’t Have a Corporal Punishment Problem

Americans do. But when blacks exhibit the same behaviors as others, it becomes part of a greater black pathology. 

Why a Sketch of Chelsea Manning Is Stirring Up Controversy

How Worried Should Poland, the Baltic States, and Georgia Be About a Russian Invasion?

Trending News Channel
Sept. 19 2014 1:11 PM Watch Flashes of Lightning Created in a Lab  
  News & Politics
Sept. 20 2014 11:13 AM -30-
Business Insider
Sept. 20 2014 6:30 AM The Man Making Bill Gates Richer
Sept. 20 2014 7:27 AM How Do Plants Grow Aboard the International Space Station?
  Double X
The XX Factor
Sept. 19 2014 11:33 AM Planned Parenthood Is About to Make It a Lot Easier to Get Birth Control
  Slate Plus
Slate Picks
Sept. 19 2014 12:00 PM What Happened at Slate This Week? The Slatest editor tells us to read well-informed skepticism, media criticism, and more.
Brow Beat
Sept. 20 2014 3:21 PM “The More You Know (About Black People)” Uses Very Funny PSAs to Condemn Black Stereotypes
Future Tense
Sept. 19 2014 5:03 PM White House Chief Information Officer Will Run U.S. Ebola Response
  Health & Science
Bad Astronomy
Sept. 20 2014 7:00 AM The Shaggy Sun
Sports Nut
Sept. 18 2014 11:42 AM Grandmaster Clash One of the most amazing feats in chess history just happened, and no one noticed.