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Jonathan Alter: How Paul Volcker Was Pushed Out By Obama In 2008

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At 81, Volcker wasn't under any illusions about his age. He noticed that people called everyone else by their first name or last name, but only he, and now Obama, were accorded a "Mr." He knew that if he took a position inside the White House as a senior counselor it would be awkward for other aides--like having your father around telling you what to do.

Read the whole story at The Big Money

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