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.
