I’m struggling to find a different way to say the same thing again… Ah, the hell with it. The 10-12 month cycle projection is...
Read More »
Paul Volcker says Volcker rule too complicated
SINGAPORE | Wed Nov 9, 2011 7:52am EST
(Reuters) - The Volcker rule is too long and complicated and financial lobbyists are to blame, said the man who gave his name to the new regulation on bank trading....
Read More »
"There will come a moment when the most urgent threats posed by the credit crisis have eased and the larger task before us will be to chart a direction for the economic steps ahead. This will be a dangerous moment. Behind the debates over future pol...
Read More »
IN October 1979, inflation was running at more than 10 percent a year, and the Federal Reserve’s gradual interest rate increases weren’t solving the problem. So Paul Volcker, the Fed chairman, dramatically changed how monetary policy was conducte...
Read More »
Europe has rolled out a “pain sharing” plan for banksters to participate in their own losses. What a novel concept, share in socializing losses, an act of belated genius. Of course the timeline for instituting this measure is 2013, which suggests the hopium phase still lingers. Still I think we can see actual intent here. The...
Read More »
Commentary has been emerging as to what to look for if a true financial reform movement gets going to deal with the questions of gambling at taxpayer expense and restoring sanity to the financial system. There is a working paper by a group chaired by Paul Volcker that lays out most of the sounder principles....
Read More »
Commentary has been emerging as to what to look for if a true financial reform movement gets going to deal with the questions of gambling at taxpayer expense and restoring sanity to the financial system. There is a working paper out chaired by Paul Volcker that lays out most of the sounder principles. The...
Read More »
Obama, with Paul Volcker by his side, rolled out a yet undetermined attack against Pig Men concentrated risk and perhaps even moral hazard. Tim Geithner was nowhere to be seen on stage. Obama mentioned the term “Volcker rule” as well, so it finally appears that a new approach is being rolled out on one of my...
Read More »
Twitter links powered by Tweet This v1.8.3, a WordPress plugin for Twitter.
Recent Comments