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Paul Volcker

Stop Socialism for the Rich: Nationalize Wall Street

Les Leopold | Posted 11.25.2009 | Business

Read More: JP Morgan Chase, Goldman Sachs, CEO Pay, Unemployment, Morgan Stanley, Wall Street Crisis, Bailout, Wall Street, Barney Frank, Economic Crisis, Joe Biden, Paul Volcker, Business News
Les Leopold

We should give strong consideration to nationalizing the largest banks in order to run them like public utilities. We also should consider placing banking employees into the civil service system to end the ridiculous wage distortions.

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Shahien Nasiripour

Wall Street Journal Supports Break-Up Of Big Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 11.23.2009 | Business

Read More: John S. Reed, Mervyn King, Larry Summers, Financial Crisis, Ben Bernanke, Timothy Geithner, Wall Street Journal, Paul Volcker, Glass-Steagall, Business News

Add the Wall Street Journal editorial board -- of all people -- to the growing ranks of those calling for a restoration of barriers between commercial...

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Ryan Grim

Moneyed Interests Lining Up For Battle Over Accounting Standards

HuffingtonPost.com | Ryan Grim | Posted 11.16.2009 | Politics

Read More: CFA Institute Centre for Financial Market Integrity, Tohmatsu, Council of Institutional Investors, Committee on Capital Markets Regulation, American Institute of Certified Public Accountants, Center for Capital Markets Competitiveness, Economy, Financial Services Roundtable, American Council for Capital Formation, Reform, National Association of Home Builders, Ernst and Young, Accf, Financial Executives International, Jim Turley, Center for Audit Quality, Commercial Mortgage Securities Association, Financial Accounting Standards Advisory Council, National Multi Housing Council, Paul Volcker, Real Estate, Accounting, American Bankers Association, Sec, Aba, Calpers, Fasb, Financial Reform, Investment Company Institute, Institute of Management Accountants, US SEC, National Apartment Association, Grant Thornton Llp, Ed Perlmutter, Kpmg, Recession, Barney Frank, House Financial Services Committee, Deloitte Touche, Council of Federal Home Loan Banks, Perlmutter, Real Estate Roundtable, Banks, Emails, Politics News

In the midst of what was supposed to be a Congressional push for increased financial regulation and accountability, a powerful coalition of moneyed in...

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Shahien Nasiripour

Fed Chairman Blames Banks For Continued High Unemployment

HuffingtonPost.com | Shahien Nasiripour | Posted 11.16.2009 | Business

Read More: Ben Bernake, Too Big to Fail, John Reed, Paul Volcker, Mervyn King, Bank Lending, Tbtf, Paul Kanjorski, Bailout, Banks, Financial Crisis, Ben Bernanke, Glass-Steagall, Business News

Federal Reserve Chairman Ben Bernanke on Monday blamed banks for slowing the recovery and keeping unemployment high. Despite hundreds of billions i...

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Frank Rich: White House Doesn't Seem To Understand Public's Wall Street Rage

New York Times | FRANK RICH | Posted 11.07.2009 | Politics

Read More: Larry Summers, ny23, Regulation, Obama, Teaparty, New York 23, White House, Dede Scozzafava, Finance, Gop, Paul Volcker, Wall Street, Bill Owens, New York City, Michael Bloomberg, Financial Reform, Election Day 2009, H1N1 Vaccine, Ny-23, Doug Hoffman, Democrats, 2009 Elections, Bill Thompson, Main Street, Elections, Anger, Tim Geithner, Banks, Bonuses, Too Big to Fail, Executive Pay, Republicans, Politics News

The Obama administration does not seem to understand that this rage, left unaddressed, could consume it. It has pushed aside the entreaties of many --...

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Shahien Nasiripour

10 Years Ago Today, Congress Allowed For "Too Big To Fail"

HuffingtonPost.com | Shahien Nasiripour | Posted 11.05.2009 | Business

Read More: John S. Reed, Robert Reich, Brad Miller, Larry Summers, Paul Volcker, Lawrence Summers, Ed Perlmutter, Barney Frank, Paul Wellstone, Tbtf, Paul Kanjorski, Financial Crisis, Banks, Gramm Leach Bliley Act, Byron Dorgan, Too Big to Fail, Wall Street, Citigroup, Glass-Steagall, Business News

On the 10th anniversary of Congress voting to repeal the law that had long separated Main Street commercial banking from Wall Street investment bankin...

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Nouriel Roubini: 'Too Big To Fail' Revisited

forbes.com | Nouriel Roubini | Posted 11.05.2009 | Business

Read More: Mervyn King, Nouriel Roubini, Financial Reform, Too Big to Fail, Banks, Financial Crisis, Alan Greenspan, Paul Volcker, g20, Financial Regulation, Glass-Steagall, Business News

Although the G-20 finance ministers pledged stronger prudential regulation and financial oversight of systemically important firms at their September ...

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A Systemic Risk Regulator and a Compensation Tsar? Larry Summers and Ben Bernanke Must Be Kidding

David Paul | Posted 11.03.2009 | Business

Read More: Tarp, Fdic, Wells Fargo, Bank of America, Larry Summers, Brooksley Born, Goldman Sachs, JP Morgan, Morgan Stanley, Bailout, Hedge Funds, CFTC Derivatives, Banking Crisis, Financial Crisis, Ben Bernanke, Timothy Geithner, Wall Street Bonuses, Citigroup, Glass-Steagall, Paul Volcker, Business News
David Paul

With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.

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Re-Regulating the Banks Is Change We Can Believe In

Trey Ellis | Posted 10.27.2009 | Business

Read More: Obama, Alan Greenspan, Paul Volcker, Banks, Financial Crisis, Bailout, Hedge Funds, Business News
Trey Ellis

Breaking up the banks to ensure that never again can the greedy few throw an entire planet into a Depression is not only a logical step but also smart, popular politics.

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Breaking Up the Big Banks, and Why Congress Won't Do It

Robert Reich | Posted 10.27.2009 | Business

Read More: Treasury Department, Congress, Robert Reich, Too Big to Fail, Bank of America, Larry Summers, Paul Volcker, Barack Obama, Merrill Lynch, Goldman Sachs, JP Morgan, Morgan Stanley, Wall Street, Financial Crisis, Banks, Glass-Steagall Act, Timothy Geithner, Bear Stearns, Citigroup, Break Up Big Banks, Breaking Up the Big Banks, Breaking Up Banks, Business News
Robert Reich

Two ideas are floating around Washington regarding how to handle 'too big to fail' banks, but only one is supported by the Treasury and the White House. Unfortunately, it's the wrong one.

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"Too Big To Fail" Legislation Is On The Way

New York Times | STEPHEN LABATON | Posted 10.26.2009 | Politics

Read More: Goldman Saks, Congress, Economy, Bailouts, Obama, Too Big to Fail Bill, Legislation, Ben Bernanke, Aig, White House, Bailout, Federal Reserve, Lehman Brothers, Bofa, Treasury, Gop, Consumer Protection Agency, Financial Crisis, Paul Volcker, Wall Street, Citigroup, Bank of America, Derivatives, Ben Bernanke Federal Reserve, Democrats, Recession, Barney Frank, House, House Financial Services Committee, Senate, Barack Obama, Tim Geithner, Banks, Bonuses, Too Big to Fail, Executive Pay, Politics News

A senior administration official said on Sunday that after extensive consultations with Treasury Department officials, Representative Barney Frank, th...

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Shahien Nasiripour

Former Citigroup CEO Says Banks Shouldn't Mix With Wall Street

HuffingtonPost.com | Shahien Nasiripour | Posted 10.23.2009 | Business

Read More: John S. Reed, John Reed Citi, Gramm-Leach-Biley Act, Too Big to Fail, Paul Volcker, Barack Obama, Paul A. Volcker, Sanford Weill, Bailout Bandits, Citibank, Financial Crisis, Glass-Steagall Act, Sandy Weill, Glass-Steagall, Citigroup, Business News

A former CEO of Citigroup says there should be "some kind of separation" between commercial banking and investment activities, joining a growing list ...

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Obama Administration Determined to Usher in New Great Depression

Allison Kilkenny | Posted 10.21.2009 | Business

Read More: Investment Banks, Commercial Banks, Gramm-Leach-Biley Act, Economy, President Obama, New York Times, Timothy Geithner, Paul Volcker, Lawrence Summers, Glass-Steagall, Business News
Allison Kilkenny

Whatever one thinks of Paul Volcker, any amateur historian can see that he's right to want to keep investment banking separate from commercial banking.

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Paul Volcker: How Obama Is Tuning Out The Former Fed Chairman

nytimes.com | LOUIS UCHITELLE | Posted 10.21.2009 | Business

Read More: Tim Geithner, Financial Reform, Federal Reserve, Banks, Obama Administration, Ben Bernanke, Paul Volcker, Lawrence Summers, Business News

Listen to a top economist in the Obama administration describe Paul A. Volcker, the former Federal Reserve chairman who endorsed Mr. Obama early in hi...

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Reading The Pictures: Volcker and the White House: Not Too Big To Flail

Michael Shaw | Posted 10.21.2009 | Politics

Read More: Christine Roemer, Larry Summers, Paul Volker White House, Glass-Steagall, Paul Volker White House Economic Advisory Board, Chair of the Council of Economic Advisors, Larry Summers Paul Volcker, Paul Volcker Obama, Paul Volcker, Politics News
Michael Shaw

2009-10-21-1.jpgBeyond the pure shame of it, this photo of the Obama economic team is almost too painful to look at.

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Volcker: China's Rise Underscores The Decline Of The U.S.

Bloomberg | James Tyson and Michael McKee | Posted 11.29.2009 | Business

Read More: U.S. Economy, Federal Reserve, China Economy, China, Paul Volcker, Economy, Business News

Former Federal Reserve chairman Paul Volcker said the rise of China and other emerging economies has underscored a decline in the comparative economic...

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Volcker: Obama Plans Maintain 'Too Big To Fail'

AP | DANIEL WAGNER | Posted 11.24.2009 | Business

Read More: Bailout, Too Big to Fail, Wall Street Reform, Volcker Testimony, Federal Reserve, Ben Bernanke, Obama, Obama Financial Reform, Paul Volcker, Recession, House Financial Services Committee, Business News

WASHINGTON — A top White House economic adviser says the Obama administration's proposed overhaul of financial rules preserves the policy of "to...

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America's Tax Crybabies

Diane Francis | Posted 10.16.2009 | Business

Read More: Vat, Bailout, Economic Crisis, Economic Meltdown, Gasoline Taxes, Cigarette Taxes, Federal Sales Tax, Liquor-Taxes, Paul Volcker, Canadian Taxes, European Taxes, Ben Bernanke, Business News
Diane Francis

To Canadians, and the rest of the free/developed world, an across-the-board sales tax is not only a no-brainer but, quite possibly, a world saver now.

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The Babble Over Regulatory Reform, Cont'd

Robert Teitelman | Posted 07.17.2009 | Business

Read More: Politics, Wall Street, Obama Policies, Economic Policy, Tim Geithner, Regulation, Larry Summers, Monetary Policy, Robert Teitelman, Business, Glass-Steagall, Paul Volcker, Obama Administration, Business News
Robert Teitelman

Nobody just announces anything anymore. Before anyone in Washington can get lunch, it has to be leaked, briefed, previewed in speeches, summarized in ...

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Obama's Economic Recovery Advisory Board To Hold First Meeting

AP | JIM KUHNHENN | Posted 06.18.2009 | Politics

Read More: Economic Recovery Advisory Board, Paul Volcker Barack Obama, Volker Economic Recovery Advisory Board, Obama, Economic Recovery, Paul Volcker, Politics News

WASHINGTON — The prime office space in the southeast corner of the Treasury building sits vacant four months into the Obama administration. Its ...

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Volcker's 'Great Recession:' Unemployment Will Be Redefined

bloomberg.com | Matthew Benjamin and Rich Miller | Posted 06.04.2009 | Business

Read More: U.S. Economy, Paul Volcker Great Recession, Paul Volcker, Economy, Great Recession, Economic Crisis, Business News

May 4 (Bloomberg) -- Post-recession America may be saddled with high unemployment even after good times finally return. Hundreds of thousands of jo...

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Volcker: Economy 'Leveling Off,' No Need For More Stimulus

Bloomberg | Michael McKee | Posted 05.30.2009 | Business

Read More: Obama Administration, Economic Stimulus, US Economy, Paul Volcker, Economy, Business News

The U.S. economy is "leveling off at a low level" and doesn't need a second fiscal stimulus package, said former Federal Reserve Chairman Paul Volcker...

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Volcker: US, World In A 'Great Recession'

Bloomberg | Matthew Benjamin | Posted 05.24.2009 | Business

Read More: Depression, Economy, Federal Reserve, US Economy, Paul Volcker, Recession, World Economy, Business News

Former Federal Reserve Chairman Paul Volcker said the global economic slump is one of the worst in history. "The U.S., along with the rest of the wor...

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Volcker: Economic Recovery A "Long Slog"

Reuters | Ros Krasny and Kristina Cooke | Posted 05.19.2009 | Business

Read More: US Economy, Paul Volcker, Economy, Business News

Paul Volcker, senior economic adviser to President Barack Obama, said on Saturday that the U.S. economic recovery will be a "long slog" but that the r...

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Obama Economic Board Has Yet To Hold Public Meeting

Politico | Posted 04.23.2009 | Politics

Read More: Christina Romer, White House Economic Policy, White House Economic Advisor, Economic Board, Larry Summers, Obama Economy, Paul Volcker, Lawrence Summers, Paul A. Volcker, Barack Obama, Politics News

Six weeks after President Barack Obama appointed a blue-ribbon panel to help him dig America out of its economic crisis, the board has yet to hold an ...

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