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 →