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Wednesday, April 7, 2010 as of 11:14 AM ET

The Casone Exchange
  • February 2, 2010 05:35 PM UTC by Cheryl Casone

    Best Guess: The Volcker Rule

    Call it a bank tax, a bank fee, restitution or just desserts.  The Volcker Rule was debated this afternoon in front of Congress. The Administration wants more transparency in how banks do business, more power for the Federal Reserve, and more separation between trading and banking.  I like to think of it as Glass Stegall light.  It’s not that I don’t believe some regulation is good, but I worry that if we clamp down hard on “risk” we won’t see growth.  We need growth, we need investing, we need hiring, and we need transparency.  While I don’t think the Volcker Rule is a bad idea, I just hope that Congress doesn’t add layer upon layer until none of us can explain the Volcker Rule without a dictionary at our side.

    On to Best Guess….

    ROB MORGAN: Super Bowl predictor of the stock market already has said that the  stock market will be up this year

    DUNSTAN PRIAL: Amazon caving to book publishers on pricing is good news for the rest of the media. Other content providers  – ie newspapers — should jump on this bandwagon and see if they can’t take advantage of this seeming shift in leverage. The people who make the content should have some say in what consumers pay for their product, regardless of whatever e-gadget they happen to be reading it on.

    CHERYL:   The Jobs Bill as is will be modified and most likely reduced from its current form.  There is still half the of stimulus money already appropriated that has not been spent.  On the heels of the 2011 budget, Congress will hear their voters at home ask for fiscal constraint, and stimulus money will be diverted to a Jobs Bill.  It’s a deck chair shuffle, but it will appease all involved.

Carla, Ballwin,MO

Check out Paul Volcker's interesting Op-Ed in NY Times (1-31) online, "How to Reform Our Financial System". The cartoon attached to it is clever - it shows a large bank with a piece carved out of it, the piece is a smaller bank located next to it. It appears they are setting on ice or shaky ground. Cartoonists have a great job!

February 3, 2010 at 9:40 am

about this blog

  • Cheryl Casone joined FOX Business Network (FBN) in September 2007 as an anchor. Prior to FBN, Casone served as a correspondent for FOX News Channel’s (FNC) business unit and was a regular guest on FNC’s Your World with Neil Cavuto. Casone brings years of experience covering finance, business, and consumer news to FBN.

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