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About "The Volcker Rule (NEG)"
Summary: The “Volcker Rule” (named after former Federal Reserve Chairman Paul Volcker) was a regulation enacted under the Dodd-Frank reform law 10 years ago. It limits banks from making risky investments with their customers’ deposited funds . It’s supposed to protect the soundness of banks and the safety of depositors’ money, because we don’t want banks taking risks with depositors’ money, and then when they lose it, the federal government (i.e. taxpayers) have to bail out the insured depositors (through FDIC). The Rule was modified slightly in October 2019 to clarify and define more precisely what types of investments are regulated, and this modification is known as “Volcker 2.0.” The 2.0 rule was implemented because the original rule was so complicated and vague about which trades were allowed/prohibited that it caused confusion and massive compliance costs. AFF plan will repeal this modification and go back to the original Volcker Rule, under the theory that 2.0 created some dangerous exemptions that will allow banks to get away with bad things. This is a NEG brief against that case. You will especially have fun noting that Paul Volcker himself supports the Negative position.
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Coach Vance debated in National Forensic League debate while in high school from 1979-1982. In college, he judged at high school NFL tournaments in North Carolina. A homeschooling dad himself, he realized the growing potential and benefit of homeschool debate and switched over to coaching homeschoolers a couple years later. In 2001, he helped Chris Jeub with bringing The Blue Book to a more advanced level. He has been co-authoring Blue Book ever since.