Tag: Muppets

Volcker Rule Would Cause Irreparable Damage To The Muppets – And Much More Broadly

By Simon Johnson, April 1st, 2012

A major new research report – released this weekend by the renowned international consulting firm, IMS – finds conclusively that implementation of the proposed Volcker Rule would damage not just the irreplaceable Muppets but also “all children-oriented television or other media-based educational program content.”

The logic in the report is straightforward and, quite frankly, compelling.  The Volcker Rule – which aims to limit proprietary trading and excessive risk-taking by the country’s largest banks – would reduce the ability of “too big to fail” institutions to bet heavily on the price of commodities used to produce puppets (mostly cotton, but also apparently wood, aluminum, and some rare earths.)

“In response to the changing demands of their customers, banks have expanded their role of providing financial resources and services to include risk management and intermediation services to [various kinds of puppets]” (p. ES2)

These services are highly profitable and of great value to the skilled artisans who produce puppets, but if the very biggest banks are not allowed to engage in these activities, then no one else will. Continue reading “Volcker Rule Would Cause Irreparable Damage To The Muppets – And Much More Broadly”