Money and Finance
- Volcker Spares No One In Broad Critique
Found via The Big Picture.Former Federal Reserve Chairman Paul Volcker scrapped a prepared speech he had planned to deliver at the Federal Reserve Bank of Chicago on Thursday, and instead delivered a blistering, off-the-cuff critique leveled at nearly...
- Volcker Pushes For Reform, Regretting Past Silence
JUST before the Fourth of July weekend, Paul A. Volcker packed his fishing gear and set off for his annual outing to the Canadian wilds to cast for Atlantic salmon. He left behind a group of legislators in Washington still trying to nail down a controversial...
- Reforming A Broken Mortgage System - By George Soros
Found via Simoleon Sense. With the private sector largely incapacitated, the GSEs and FHA became virtually the only source of mortgage financing. This is a paradoxical situation in which a fundamentally unsound business model holds a quasimonopolistic...
- Paul Volcker: The Lion Lets Loose - By Charlie Rose
There has been chatter in recent months about Paul Volcker, the chairman of President Barack Obama's Economic Advisory Board, being muffled by the Administration—especially when it comes to his views on bank regulation. But that hasn't stopped...
- Der Spiegel Interview With Paul Volcker
Volcker: The recovery is quite slow and I expect it to continue to be pretty slow and restrained for a variety of reasons and the possibility of a relapse can't be entirely discounted. I'm not predicting it but I think we have to be careful.SPIEGEL:...
Money and Finance
Volcker: Government Makes Up 35% Of GDP, Mortgage Markets Are Now A State 'Subsidiary'
Former Fed Chairman Paul Volcker warned of the risks of an asset bubble forming given the incredible amount of liquidity the Bernanke Fed has injected into the market, even though he said banks are substantially stronger than before the crisis on Wednesday. Volcker also indicated that in the U.S. government makes up about 35% of GDP and that the financing of the residential mortgage market by the state has led to a dysfunctional financial system.
- Volcker Spares No One In Broad Critique
Found via The Big Picture.Former Federal Reserve Chairman Paul Volcker scrapped a prepared speech he had planned to deliver at the Federal Reserve Bank of Chicago on Thursday, and instead delivered a blistering, off-the-cuff critique leveled at nearly...
- Volcker Pushes For Reform, Regretting Past Silence
JUST before the Fourth of July weekend, Paul A. Volcker packed his fishing gear and set off for his annual outing to the Canadian wilds to cast for Atlantic salmon. He left behind a group of legislators in Washington still trying to nail down a controversial...
- Reforming A Broken Mortgage System - By George Soros
Found via Simoleon Sense. With the private sector largely incapacitated, the GSEs and FHA became virtually the only source of mortgage financing. This is a paradoxical situation in which a fundamentally unsound business model holds a quasimonopolistic...
- Paul Volcker: The Lion Lets Loose - By Charlie Rose
There has been chatter in recent months about Paul Volcker, the chairman of President Barack Obama's Economic Advisory Board, being muffled by the Administration—especially when it comes to his views on bank regulation. But that hasn't stopped...
- Der Spiegel Interview With Paul Volcker
Volcker: The recovery is quite slow and I expect it to continue to be pretty slow and restrained for a variety of reasons and the possibility of a relapse can't be entirely discounted. I'm not predicting it but I think we have to be careful.SPIEGEL:...