Paul Volker

We Need a New Drug Policy

Diane Dimond | Posted 08.21.2011

Read More: Diane Dimond?S Crime and Justice Column, Raids on Medicinal Marijuana Raids, George Shultz, Diane Dimond, Paul Volker, Richard Nixon, President Richard Nixon?S War on Drugs, Law Enforcement Against Prohibition, Kofi Annan, UN?S Report on Failed Global War on Drugs, Leap, President Barak Obama?S Drug Policy, Failure of the War on Drugs, Politics News

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?

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Inside the Berkshire Hathaway Annual Meeting

Lawrence G. McDonald | Posted 05.25.2011

Read More: Bank of America, Goldman Sachs, Warren Buffett, Paul Volker, Charlie Munger, Financial Reform, Business News

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...

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

David Paul | Posted 05.25.2011

Read More: Corruption, Goldman Sachs, Congress, Nicholas Brady, William Donaldson, Mitch McConnell, Paul Volker, Goldman Sachs Fraud, Rbs, Campaign Contributions, Financial Reform, Christopher Dodd, Financial Crisis, John Bogle, Securities and Exchange Commission, Business News

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.

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

Simon Johnson | Posted 05.25.2011

Read More: Volker-Rule, Paul Volker, Financial Reform, Wall Street Reform, Merkley-Levin Amendment, Business News

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.

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We're in Trouble When the Radical Is Paul Volcker

Robert Kuttner | Posted 05.25.2011

Read More: Wall Street Reform and Consumer Protection Act, Paul Volcker Barack Obama, Paul Volker, Paul Volcker, Paul Volker Economic Recovery Advisory Board, Financial Refor, Politics News

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.

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Wall Street Wants a Refund

Robert Scheer | Posted 05.25.2011

Read More: Greed, Bush, Money, Clinton, Economy, Obama, Campaign, Democrats, Senate, White House, Bailout, Barack Obama, Volker, Paul Volker, Health, Wall Street, Health Care, Republicans, Business News

"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.

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Congress, Not the Regulators, Must Draw Hard Lines

Ted Kaufman | Posted 05.25.2011

Read More: Alan Greenspan, Paul Volker, Financial Reform, Too Big to Fail, Ted Kaufman, Glass-Steagall, Business News

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.

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

Simon Johnson | Posted 05.25.2011

Read More: Volker Economic Recovery Advisory Board, Volker Anti-Stimulus, Paul Volker, Paul Volker Economic Recovery Advisory Board, Business News

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?

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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

Read More: Investment Banks, Larry Summers and Barack Obama, Paul Volker, Financial Reform, Too Big to Fail Banks, Too Big to Fail, Larry Summers, Banks, Glass-Steagall Act, Financial Crisis, Alan Greenspan, Banks Bailout, Wall Street Journal, Lawrence Summers, Financial Regulation, Politics News

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.

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Banking Regulation Needs to Confront Real Risks Presented by Financial Derivatives

David Paul | Posted 05.25.2011

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.

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Geithner Advocates Permanent Billionaire Bailout Society?

Les Leopold | Posted 05.25.2011

Read More: Financial Crisis, Unemployment, Billionaires, Wealth, Bailout, Economic Crisis, Paul Volker, Economic Recovery, Alan Greenspan, Too Big to Fail, Recession, Business News

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.

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Listening to Paul Volcker

Robert Kuttner | Posted 05.25.2011

Read More: Federal Reserve, Obama-Federal-Reserve, Paul Volker, Paul Volker Economic Recovery Advisory Board, Politics News

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.

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A Recovery Foundation Built on Sand

Michael Pento | Posted 05.25.2011

Read More: Interest Rates, Paul Volker, The Fed, Recession, Ben Bernanke, Addiction & Recovery, Business News

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.

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

David Paul | Posted 05.25.2011

Read More: Recession Fears, Economics, Business, Paul Volker, Barack Obama, Economy, Economic Crisis, Business News

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

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

ABC News | Jake Tapper | Posted 05.25.2011

Read More: Volker Think Tank, Committee for a Responsible Federal Budget, Economic Stimulus Package, Paul Volker, Economic Recovery Advisory Board, Volker Anti-Stimulus, Stimulus Package, Volker Economic Recovery Advisory Board, Economic Stimulus, Paul Volker Economic Recovery Advisory Board, Business News

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

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Volker, Summers Tangled In a Power Struggle

Bloomberg | Robert Schmidt and Julianna Goldman | Posted 05.25.2011

Read More: Obama, National Economic Council, Summers, Volker, Paul Volker, Economy, Lawrence Summers, Business News

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

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