Other hacks centered around the Volcker Rule, another part of Dodd-Frank that prohibits banks from carrying out certain investment activities with their own accounts and simultaneously limits their interactions with hedge funds and private equity funds. Banks quickly realized they could flout this rule if the money didn’t originate from their own accounts. This meant they could establish various partnerships and invest through them. This rule was rescinded during the Trump administration—making many of the hacks no longer necessary. Finally, banks realized that they could avoid all of the
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Volckner rule
