Obama's 'Volcker Rule' shifts power away from Geithner

"A beaming Volcker stood at Obama's right as the president endorsed his proposal and branded it the 'Volcker Rule.' Geithner stood farther away, compelled to accommodate a stance he once considered less effective than his own," The Washington Post writes. "The moment was the product of Volcker's persistence and a desire by the White House to impose sharper checks on the financial industry than Geithner had been advocating, according to some government sources and political analysts. It was Obama's most visible break yet from the reform philosophy that Geithner and his allies had been promoting earlier."