Paul Volcker

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Trading Profits Up 11 Percent For Banks; JPMorgan Chase Leads The Way

HuffingtonPost.com | Shahien Nasiripour | Posted 12.18.2009 | Business

Read More: Occ, Goldman Sachs, Bank of America, Regulatory Reform, Derivatives, Financial Reform, Wells Fargo, Profits, Citibank, JPMorgan Chase, Comptroller of the Currency, Financial Crisis, Banks, Paul Volcker, Trading, Wall Street, Citigroup, Glass-Steagall, Business News

Despite controversy surrounding the financial instruments known as derivatives -- and legislation that might finally start to regulate them -- the nat...

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What Has Financial Innovation Ever Done for You?

Eric Schurenberg | Posted 12.18.2009 | Business

Read More: Financial Innovation, CBS MoneyWatch.Com, Paul Volcker, Nathan Hale, Consumer Financial Protection Agency, Business News

Most financial innovations for consumers tend to be ways to fatten profits for financial service providers by rendering simple products more complicated. They usually only cater to fear and greed.

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McCain, Cantwell Battle The Monolith To Reinstate Glass-Steagall

HuffingtonPost.com | Jason Linkins | Posted 12.17.2009 | Business

Read More: John McCain, Larry Summers, Gramm-Leach-Biley Act, Maria Cantwell, Financial Crisis, Paul Volcker, Barack Obama, Glass-Steagall, Business News

Yesterday, the decidedly odd couple of Senators John McCain (R-Ariz.) and Maria Cantwell (D-Wash.) teamed up to introduce legislation that would rest...

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McCain, Cantwell Team Up To Renew Glass-Steagal Act, Depression-Era Banking Law

Posted 12.15.2009 | Politics

Read More: John McCain, Stock Market Crash, Wall Street, Commercial Banks, Tim Geithner, Maria Cantwell, Banks, Glass-Steagall Act, Arthur Levitt Jr., Securities and Exchange Commission, Paul Volcker, Recession, Great Depression, Politics News

Senators John McCain and Maria Cantwell are joining forces to reinstate the Depression-era Glass-Steagal Act of 1933, which separated commercial banki...

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Inside the Wall Street Journal's Future of Finance Initiative

Janet Tavakoli | Posted 12.14.2009 | Business

Read More: Total Return Swap, Alistair Darling, Financial Stability Board, Financial Reform, Carlyle Broup, Too Big to Fail, Ccc, Chancellor of the Exchequer, Socially Useless, Allianz Global Investors, Wall Street Journal, Paul Volcker, Ana Botin, Finanancial Innovation, JPMorgan Chase, Sir Howard Davies, Elizabeth Corley, Mario Draghi, Hedge Funds, Future of Finance Initiative, Barclays Plc, Financial Crisis, Bear Stearns, Securities and Exchange Commission, Moody's, Robert Diamond, Peloton, Banesto, Business News

We, the middle aged financiers, are responsible for taking action on the issue of massive financial fraud. If we don't, we will never restore trust in the financial system.

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Paul Volcker, Former Fed Chairman To Wall Street: "Wake Up, Gentlemen"

Huffington Post | Eric Sorensen | Posted 12.09.2009 | Business

Read More: Fed Chairman, Wall Street, Financial Reform, Banks, Federal Reserve, Financial Innovation, Atm, Paul Volcker, Business News

Former Federal Reserve Chairman Paul Volcker delivered a jarring message to high-level bankers and regulators at an exclusive meeting in Sussex, Engla...

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Why Ben Bernanke Should Not be Confirmed, and the Fed Should Keep its Autonomy

Georges Ugeux | Posted 12.01.2009 | Business

Read More: Sub-Prime, Tarp, Democrat, Congress, President Barack Obama, Ron Paul, Congressional Oversight, Republican, Economists, Central Banks, Federal Reserve, Ben Bernanke, Alan Greenspan, Paul Volcker, Business News

One of the casualties of this crisis is the capacity of economists to read the signs and launch warning signals. While Ben Bernanke understands economics and numbers, he lacks the necessary instincts.

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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

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

HuffingtonPost.com | Shahien Nasiripour | Posted 11.05.2009 | Business

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

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

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

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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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

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

Beyond 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

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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