Published on Wed, Feb 24, 2010 at 10:00 | Source : Reuters
Updated at Wed, Feb 24, 2010 at 11:52
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White House: Not watering down 'Volcker rule'
The White House said on Tuesday it was not watering down or walking away from its support for the "Volcker rule" aimed at curbing risky trading by banks.
The White House said on Tuesday it was not watering down or walking away from its support for the "Volcker rule" aimed at curbing risky trading by banks.
"We're not walking away from and we're not watering down that proposal one bit," White House spokesman Robert Gibbs told reporters when asked about signs that the administration was lowering expectations for the rule proposed by former Federal Reserve chief Paul Volcker.
