We now know for a fact that a tough version of the Volcker rule will pass. And it looks like the Lincoln Amendment will pass as well, although the senator has offered to soften some of its earlier provisions.
From talking to several people at BB trading desks, it looks like this regulation is having a major effect on their hiring. One guy told me that this is a "period of maximum uncertainty" and that they're waiting to assess the full impact of this bill before hiring additional people.
I would like to hear others' thoughts and experiences on this matter.
