He's too big to fail
But not, apparently, too big to ignore.
What's odd about the marginalization of Paul Volcker is that from what I hear, the Volcker era has become the key inspiration behind the administration's see-no-evil approach to banks. The arguments goes like this: several money-center banks were probably under water in 1982-3, thanks to Latin loans gone [...:]
What's odd about the marginalization of Paul Volcker is that from what I hear, the Volcker era has become the key inspiration behind the administration's see-no-evil approach to banks. The arguments goes like this: several money-center banks were probably under water in 1982-3, thanks to Latin loans gone [...:]
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