The Federal Reserve was obliging rule-based behavior that probably included making the price of gold a primary determinant in monetary policy.
As for the banks, no doubt the bailouts kept them on life support, but owing to continued federal meddling in their ability to be profitable (think the Volcker Rule, capital reserve requirements, and the aforementioned mortgage modifications to name but three), their decline has merely been delayed.
FORBES: "Necessary" Bank Bailouts Harm the Economy, Wreck the Banks
For the next 18 years, the Federal Reserve loosely followed a de facto price rule by targeting commodity prices including the price of gold and the foreign exchange value of the dollar.
Following a familiar pattern, ten accused mortgage lenders caved to demands of the Office of the Controller of Currency (OCC) and the Federal Reserve rather than face the wrath of the regulators who rule over them.
FORBES: Too Big To Fail Banks Crumble Before Greedy Federal Government In Mortgage Deal
Ms. White said she planned to focus on the Volcker rule, the Dodd-Frank rule named after former Federal Reserve Chairman Paul Volcker that bans proprietary trading at banks.
Once there was an unwritten rule that the Federal Reserve would refrain from significant policy adjustments before an election.
The Volcker Rule, named after Federal Reserve Chairman Paul Volcker, restricts banks from trading on their own behalf.
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The Federal Reserve is not an agency that likes to surprise the markets but its proposed rule on bank capital ratios is throwing some banks for a loop.
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The draft version of the Volcker Rule, named after former Federal Reserve Chairman Paul Volcker, was roughly 300 pages and posed more than 350 questions.
In particular he's trying to fight off the "Volcker rule", named after Paul Volcker, the former chairman of the Federal Reserve.
The rule, which was named for former Federal Reserve Chairman Paul Volcker, also restricts banking investments in hedge funds and private equity funds.
The president dubbed his proposals on limiting bank risk the Volcker rule - after Paul Volcker, one of his economic advisors and a former chairman of the Federal Reserve central bank.
The other 14 brokers and dealers whose audits were selected did not maintain a Special Reserve Bank Account and reported compliance with the exemptive provisions of Rule 15c3-3.
FORBES: Already Behind The Eight-Ball: Auditors of Broker-Dealers Are A Disaster
Reinvigorate the rule of law through tort reform and get the Federal Reserve on a rational track again, and the economy can still leap from strength to new strength.
Shares of Visa and MasterCard dipped last week after the Senate rejected a proposed six-month delay on a Federal Reserve rule to cap debit card swipe fees at 12 cents per transaction.
FORBES: Visa, MasterCard Still Have A Charge Left Despite Cap On Swipe Fees
Finally, House Republicans should pass legislation removing the discretionary monetary policy powers of the Federal Reserve, mandating it to conduct monetary policy in accordance with a price rule following market prices for gold, silver, oil and other commodities.
FORBES: Presidential Debt-Limit Deceptions And Economic Growth
Now that banks are facing a rule that would limit the fees they collect on debit card swipes they are asking the Federal Reserve for some mercy on how far the limitation will go.
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