W.House says not watering down "Volcker rule"

WASHINGTON Tue Feb 23, 2010 1:51pm EST

WASHINGTON Feb 23 (Reuters) - The White House said on Tuesday it was not watering down or walking away from its support for the "Volcker rule" aimed at curbing risky trading by banks.

"We're not walking away from and we're not watering down that proposal one bit," White House spokesman Robert Gibbs told reporters when asked about signs that the administration was lowering expectations for the rule proposed by former Federal Reserve chief Paul Volcker. (Reporting by Matt Spetalnick)

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