The Vampire Squid and the Bank of Canada?

In the Rolling Stone magazine of April 5, 2010, Matt Taibbi wrote an article (cited across the break) about Goldman Sach's global financial reach via its former employees.  In that article, Taibbi described Goldman Sachs as "a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money." This post provides another example of the "vampire squid's" financial reach.

Protecting the United States' Economy from Artful Banking

The 111th Congress passed the Dodd-Frank Act  --  a new law to govern banks and the financial industry  -- and President Barack Obama signed it into law in  2010.  The Dodd-Frank Act establishes a banking rule called the Volcker Rule; named after former Federal Reserve Chairman Paul Volcker.  The Volcker Rule is the focus of this post and the article highlighted in it.