Defining a Loophole Down

http://www.futureofcapitalism.com/2010/06/defining-a-loophole-down

Bloomberg News headline on an article about financial "reform" legislation: "Volcker Rule Under Attack as Lawmakers Seek Hedge Fund Loophole." How is it a "loophole" to allow banks to do things that they already do, and that haven't been outlawed yet?

When you see the press describing something as a "loophole," it's generally code for a legislative provision that an editor or a reporter or the owner of the news outlet doesn't like.

by Ira Stoll  |  Jun 23, 2010 at 7:26 am Related Topics:  Banking, Capital Markets Regulation, Press receive the latest by email: subscribe to the free futureofcapitalism.com mailing list