"I'm hopeful that the O.C.C. and others will listen to the warning sirens JPMorgan has sounded and implement a loophole-free Volcker Rule without delay".
Sadly, it seems that our regulators are likely to implement a Volcker Rule with loopholes that may still allow mega-banks to gamble excessively.
Their manifesto states that increased spending on public services would come from closing tax loopholes, implementing a financial transaction tax, and increasing certain taxes.
Didi is closing down the option for its drivers to use other people's cars with their permission, and implementing a "zero tolerance policy" on matching cars with their registered owners — a strange loophole that drew concern.
If ExxonMobil would devote as much of its prodigious lobbying resources to implementing a carbon tax as it has to resisting the elimination of tax loopholes, I might be persuaded that it understands the "very long run".
Devils forward Krys Barch and Islanders winger Brett Gallant already found a loophole in one of the new rules implemented for the 2013-14 season.
"It's important to us to see those reforms implemented, so local governments are not able to create what amounts to a loophole," he added.
Some critics have called this a loophole, given that the 2007 law stipulated hog farmers were supposed to implement ESTs if they wanted to increase herd size or install new buildings.
Last year, even as Beijing promised to implement United Nations sanctions punishing North Korea for its nuclear program, Chinese imports of North Korean coal actually increased year-over-year, due to a loophole that allowed for trade for "livelihood" purposes.
The problem is with a subset of HFT that IEX calls "predatory trading," which exploits a loophole in Regulation National Market System ("Reg NMS") that was passed by the Securities and Exchange Commission in 2005 and implemented in 2007.
When things go wrong, people say, 'Where's OSHA?,' but what do you expect?" In a similar vein, the state's pro-industry Texas Commission on Environmental Quality (TCEQ) is the agency charged with implementing not only loophole-laden state laws, but, through grants from the EPA, weakly enforced federal environmental laws, including the Clean Air Act.
