Link: http://rawstory.com/2010/02/consumer-groups-volcker-rule-most-important-financial-reform-initiative/

As the Senate debates financial reform, consumer groups are urging Congress to break up the biggest banks and impose strict limits on proprietary lending, virtually guaranteeing a "repeat" of the 2008 meltdown if those actions aren't taken. The two components comprise the "Volcker rule" for financial reform, named after former Fed chairman Paul Volcker, who proposed them. President Obama has backed it, citing Volcker as a key ally.