Volker isn't going to have any impact. The markets sold off on this premise behind Helo Ben getting tossed and the banks submitting to Glass Stegall, and why wouldn't they? When the guy who's either directly (or via the banks) buying S&P futures to keep the market propped up, of course you want him in office. Otherwise this all comes crashing down on the banks and the economy. Obama is pissed that the banks aren't recklessly loaning out the money the way they did for his predecessors, so he fired a salvo across the bow and hit the stock market instead. (Nice shot Obama).

What he and his cabinet haven't quite figured out yet is that people can't borrow when there's 20% unemployment. In short, the current administration and congress are screwed because we're at the mother of all crossroads, and neither road will leave these people with happy dreams.