{"id":4519,"date":"2010-02-25T11:20:24","date_gmt":"2010-02-25T16:20:24","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=4519"},"modified":"2011-01-20T16:13:24","modified_gmt":"2011-01-20T21:13:24","slug":"financial-reform-update","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/02\/25\/financial-reform-update\/","title":{"rendered":"Financial reform update"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-thumbnail wp-image-4520\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/02\/coins-150x150.gif\" alt=\"coins\" width=\"150\" height=\"150\" srcset=\"https:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/02\/coins-150x150.gif 150w, https:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/02\/coins.gif 200w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>Major components of financial-reform legislation are\u00a0 <a title=\"taking shape\" href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2010\/02\/24\/AR2010022405573.html?hpid=topnews\" target=\"_blank\">taking shape<\/a>, with the Obama administration relaxing its insistance\u00a0on a stand-alone consumer protection agency and the &#8220;Volker Rule&#8221;\u00a0allowing regulators to bar banks from risky investments losing support.\u00a0 Law Professor <a title=\"Cornelius Hurley\" href=\"http:\/\/www.bu.edu\/law\/faculty\/profiles\/bios\/banking\/hurley.html\" target=\"_blank\">Cornelius Hurley<\/a>, director of the <a title=\"Morin Center for Banking and Financial Law\" href=\"http:\/\/www.bu.edu\/law\/morincenter\/\" target=\"_blank\">Morin Center for Banking and Financial Law<\/a>, said cutting the &#8220;Volker Rule&#8221; is a loss.<\/p>\n<p><em>&#8220;Grafting this complex proposal onto the Administration\u2019s plan at the eleventh hour was overly ambitious. Half-hearted efforts by a Wall Street-enamored Treasury Department and White House economists ensured Chairman Volcker\u2019s very credible proposal would never receive a fair hearing.&#8221;<\/em><\/p>\n<p>Contact Cornelius Hurley, 617-353-5427, <a href=\"mailto:ckhurley@bu.edu\">ckhurley@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major components of financial-reform legislation are\u00a0 taking shape, with the Obama administration relaxing its insistance\u00a0on a stand-alone consumer protection agency and the &#8220;Volker Rule&#8221;\u00a0allowing regulators to bar banks from risky investments losing support.\u00a0 Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, said cutting the &#8220;Volker Rule&#8221; is a loss. [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491],"tags":[982,1286,926,2317],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4519"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=4519"}],"version-history":[{"count":4,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4519\/revisions"}],"predecessor-version":[{"id":7871,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4519\/revisions\/7871"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=4519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=4519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=4519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}