Paul Volcker

Financial Times  6 hrs ago  Comment 
Volcker rule still causing a lot of grief within banks
Forbes  Sep 16  Comment 
Picking up from last week’s post, succeeding generations of money managers missed McChesney Martin's and later Paul Volcker's draconian FRB tightening exercises when inflation ran between 7% and 8% and 5-year agency notes sold at a 15% yield in...
Forbes  Sep 14  Comment 
Below is the September 13th Thoughts from the Frontline, republished in full.
MarketWatch  Aug 18  Comment 
Suddenly, everybody is talking about liquidity in the bond market — or lack thereof.
Market Intelligence Center  Jul 30  Comment 
For those that weren't around in the early 80's, it is important to recognize that parsing the Fed's verbiage is MUCH easier today than it was during the early days of Paul Volcker's rein. Although Alan Greenspan did make the game a little easier...
SeekingAlpha  Jul 22  Comment 
Wall Street Journal  Jul 21  Comment 
Starting Wednesday, Wall Street banks have to comply with perhaps the most significant new restriction on their activities since the aftermath of the Great Depression, but the change was greeted with a shrug.  Jul 21  Comment 
NEW YORK ( TheStreet) -- Ready or not, banks must adhere to the Volcker Rule starting today. They say they're ready. JPMorgan Chase , Goldman Sachs , and Morgan Stanley , which stand to be affected the most because of their size, have had...
Financial Times  Jul 20  Comment 
Market worried that a liquidity drought beckons  Jun 18  Comment 
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Image:PaulVolcker.jpg Paul Adolph Volcker was Federal Reserve Chairman under United States Presidents Jimmy Carter and Ronald Reagan (from August 1979 to August 1987). He is currently chairman of the newly formed Economic Recovery Advisory Board under President Barack Obama[1].

Volcker is credited to have lifted the US economy out of a decade stagflation that sported such negative highlights as 21% interest rates, solid two-digit-inflation and unemployment rates topping 10% after he took over the job from his predecessor G. William Miller.

Latest developments in 2010

After a 22-year semi-retirement Volcker was appointed as head of Economic Recovery Advisory Board under President Barack Obama in early 2009. Volcker, always a staunch advocate of balanced budgets, who told the world as early as 2006 that the USA's deficit spending is unsustainable, landed a surprise victory when US President Barack Obama largely followed his proposals in January 2010 that will (as of January 2009) ban proprietary trading for banks receivinf federal money and essential re-introduce the Glass-Steagall Act that separated investment banks and such taking deposits from 1933 to 1999. It is coming as a surprise that Volcker outgunned Wall Street-pal Treasury Secretary Timothy Geithner who had opted for more lax deals for his Wall Street friends. Whether this means Obama moves from Wall Street to Main Street is up to your mind.

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