Obama's plans- effects on markets?

would the plan to ban/limit prop trading in banks make forex volume dry up?

what about other markets etc..intraday as well as long term of course

 

I think it's complete B.S. The only thing he will do is move prop trading activities to Canada and offshore. That certainly wouldn't stop the big banks, they just wouldn't pay income tax on their prop trading, it would go "off balance" and be in the notes at the end of their financial statements

 

Did you see the effect on the USD as he was making his threats?

 

Of course it's going to have an effect, but it's not going to remove liquidity from the global market. It's merely going to displace it. Reactions are not always rational, nor do they imply long term relevance.