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And Angela -- -- resignation letter that sense of financial world on fire is becoming a battle cry for advocates of bank regulation Peter burns has the story from Washington and let me ask Peter.
That dad scheme being peace -- lending sound ammunition into bank regulators.
Absolutely sure about it public interest advocates here they want to make Greg Smith there champion and the fight over new rules for Wall Street.
Right now -- you -- call the Fed the SEC and other agencies are in the middle try to write regulations under the so called.
Vocal Volcker Rule the vocal -- supporters say that it would limit risky trading and the kinds of alleged conflicts of interest that Smith wrote about in his column this week.
But the groups charge that Wall Street firms are lobbying regulators to create loopholes and exemptions to the rules to -- allow them to keep trading like this now several groups including Americans for financial reform.
Public citizen and better markets as well as the AFL CIO.
Planned to make Smith their poster child.
Sure ensuring that that regulatory agencies understand.
Both the existence mister Smith's column and it's important it's already been submitted officially to the commodities futures trading commission.
We attempt have ongoing communication with agency staff and officials.
Several meetings are forthcoming where we will make sure they have seen this.
And -- Bonnie regulators are trying to wrap up their vocal Volcker Rule proceedings sometimes -- Smith.
Volcker Rule that sometimes later sometime later this year.
All right it's Friday Peter Barnes and book DL and movie rights I'm sure so soon to be sold as soon as well as a kind -- system where it.
Peter parents will -- it.
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