More Regulation! Yippee (sarcasm)!

More and more regulations are on the way, says lawmakers after a 20 hour debate concerning new finance laws.

There will be more government regulations put on banks if the laws pass, which they say there is enough support for it to. Lawmakers agreed on something called a "Volcker" rule, which basically stops banks from doing anything risky with their own money. More and more of these type laws are coming.

Okay, so you're telling me the banks are being punished by more regulations when it was the government's regulations that started this whole mess in the first place? In case you aren't aware, it was the government's regulations that forced banks to give out loans to high risk home buyers (Fanny May and Freddie Mac). If you would like to know more about this, check out my older post about this matter here.