A Wake-Up Call for the Masters of the Banking Universe
 December 22, 2009 –
“How does one give a wake-up call to the Masters of the Universe? Very little progress has been made in the reform of banking regulation, even after the worst banking panic for
80 years,” writes William Rees-Mogg
in The Times (UK).
“There is however a very
interesting debate taking place
in the United States. Paul Volcker, who is the head of President Obama’s economic recovery advisory board, has supported Senator John McCain’s proposal for a return to the Glass-Steagall banking regulation.”
“Mr. Volcker is an historic figure in modern finance. He successfully stabilised the greatest inflation since the end of the Second World War. Now the great stabiliser tells us that we need to stabilise our banking, whether the bankers want it or not.” Continue reading…
Please register to comment on AWidow.com.
*This information is required, but only your Screen Name will appear with your comment.
|
