Paul Volcker on Charlie Rose

I have long been a fan of Paul Volcker, he is now 82 years old and he brings a lifetime of experience and knowledge to any conversation he enters into, personally I can’t listen to him enough, in fact, my one complaint is that he doesn’t get interviewed nearly as often as he should be! Having said that, he is a particularly normal person, he quit being Fed Chairman so that he could ‘return to normal life’ and being in the public eye was never the highlight of his life it would seem.

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Paul Volcker wants to see a return to a split between commercial banks and investment banks, the term ‘bank’ is used so loosely that many people don’t draw distinction between them, they are both involved in financial intermediation but they don’t both necessarily warrant, or indeed merit any federal help. Volcker has kept this theme in today’s Read More

Donald Trump…. Banks are not lending

Donald Trump talks to CNBC about banks saying that they are not lending to anybody. An interesting clip, he talks candidly about The Apprentice but then gets on to the serious business of the lending market.

He has some pragmatic ideas and an unforgiving opinion of the absence of skill he has witnessed in the finance world, and asking why some were paid so much to do so little. Donald Trump is a ‘shoot from the hip’ type of guy, he has had some spectacular rises and falls and it is perhaps that roller-coaster of success that makes him such an enigmatic character.

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