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Paul Volker

We Need a New Drug Policy

Diane Dimond | Posted 08.21.2011 | Politics
Diane Dimond

The day of total drug legalization will come -- just as it did with alcohol. The question is: how many more multiple billions of dollars will we spend before we finally see it's the logical way to go?

Inside the Berkshire Hathaway Annual Meeting

Lawrence G. McDonald | Posted 05.25.2011 | Business
Lawrence G. McDonald

Last weekend I attended the Berkshire Hathaway Annual Meeting in Omaha, which has become a Mecca for investors, packed with 25,000 shareholders from a...

Goldman Sachs Fraud Case Is a Distraction From the Real Issue of Substantial Financial Reform

David Paul | Posted 05.25.2011 | Business
David Paul

The SEC charges against Goldman may or may not stick, but it should be clear to all that the system has gone badly awry and needs massive reform.

Finally, the Republicans Come Out to Fight: Where Is the President?

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

Paul Volcker made his determination long ago: the big banks are too big and must be broken up. The Republicans have made their answer clear: No way. Time for Obama to make the call.

We're in Trouble When the Radical Is Paul Volcker

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

Volcker is no radical. He is the former Fed chairman. He has a tightwad's view of monetary policy, even in a severe recession. But he has been around long enough to know that Wall Street speculators are capable of terrible mischief when regulations are dismantled. If Obama is serious about financial reform, he needs to fight for it -- against corporate Democrats as well as Republicans, and against his chums on Wall Street. Paul Volcker deserves better than intermittent gestures. So do the American people.

Wall Street Wants a Refund

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

"Buyer's remorse" is the way Sen. John Cornyn, the Senate Republicans' fundraiser, gleefully refers to Wall Street moguls' current disenchantment with the U.S. president they thought they had bought.

Congress, Not the Regulators, Must Draw Hard Lines

Ted Kaufman | Posted 05.25.2011 | Business
Ted Kaufman

Risk taking is a fundamental part of finance. Without risks, markets don't work. But the balancing act between safety on one side, and growth and innovation on the other, cannot tilt too far in the wrong direction.

Is the "Volcker Rule" More Than a Marketing Slogan?

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

After a tough argument, Paul Volcker appeared to have finally persuaded Obama that the unconditional bailouts of 2008-2009 planted the seeds for another major economic crisis. But how deep does this conversion go?

Why Is Obama to the Right of the Wall Street Journal, Greenspan, and McCain on Breaking Up Banks and Restoring Glass Steagall?

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

If, a year after Obama's victory, the Senatorial race to replace Ted Kennedy is close, it can largely be attributed to public disillusionment that Obama and the Democrats have given away too much taxpayer money to Wall Street banks.

Geithner Advocates Permanent Billionaire Bailout Society?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

We can either prop up the billionaire bailout society as Geithner wants or we can begin the necessary process of breaking it up. You know what the financial interests want.

Banking Regulation Needs to Confront Real Risks Presented by Financial Derivatives

David Paul | Posted 05.25.2011 | Politics
David Paul

Our banking system is structurally flawed, and the changes instigated by the passage of the Financial Services Modernization Act of 1999 should be fundamentally reconsidered.

Listening to Paul Volcker

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

You know how far politics has swung to the right when the most left wing guy in the room is the former chairman of the Federal Reserve. But that's what financial reform has come to.

A Recovery Foundation Built on Sand

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

The Fed's conundrum is this: Bernanke needs to defend the dollar and raise interest rates to provide for a viable and long-lasting recovery. But the short-term effect would be a devastating recession.

Will we Learn from this Recession that There are No New Paradigms?

David Paul | Posted 05.25.2011 | Business
David Paul

As we face the consequences of the boom years, we are going to need old wisdom as much as we need new policies.

Volcker Involved In Anti-Stimulus Committee for a Responsible Federal Budget

ABC News | Jake Tapper | Posted 05.25.2011 | Business

The chairman of President Obama's Presidential Economic Recovery Advisory Board, Paul Volcker, is an official of a think-tank that recently assailed t...

Volker, Summers Tangled In a Power Struggle

Bloomberg | Robert Schmidt and Julianna Goldman | Posted 05.25.2011 | Business

Feb. 5 (Bloomberg) -- Paul Volcker has grown increasingly frustrated over delays in setting up the economic advisory group President Barack Obama pick...