Benzinga's Political Round Up

Japan released a Chinese boat captain in order to diffuse the dispute between the two nations. China has recently threatened to withhold rare earth metals, which sent shares of Molycorp, Inc. MCP higher. Former Fed Chairman Paul Volcker ripped into everything finance related yesterday, scrapping a prepared speech at the Federal Reserve Bank of Chicago. He ripped into banks such as Citigroup C and Goldman Sachs GS, as investment banks became “trading machines instead of investment banks. The House voted yesterday to repeal part of the financial overhaul that allowed the Securities and Exchange Commission to keep some of its actions secret.