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Obama endorse measures proposed by Paul Volcker for 1st time.

Discussion in 'BBS Hangout: Debate & Discussion' started by BetterThanEver, Jan 20, 2010.

  1. BetterThanEver

    BetterThanEver Contributing Member

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    Obama is backing Volcker's reforms for the 1st time. Good? Bad? I don't much about Volcker. He's before my time, but he seems to be well respected compared to Bernanke and Timmy.

    http://online.wsj.com/article/SB100...15910344117800.html?mod=WSJ_hps_LEFTWhatsNews
     
  2. ChrisBosh

    ChrisBosh Member

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    I've read Greenspan's "The Age of Turbulence", he b*tched throughout his book about Volcker, as they both usually butted heads about policy. That in itself is a good vote of confidence in Volcker's favor :)
     
  3. Invisible Fan

    Invisible Fan Contributing Member

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    If he had his Fed powers, I think Volcker would make the government accounting books look much better.

    I don't think the American public or Obama & co. will endure the pain that will set us in that direction.

    I wonder if Obama has read some books on Carter in the past months.
     
    #3 Invisible Fan, Jan 21, 2010
    Last edited: Jan 21, 2010
  4. Dairy Ashford

    Dairy Ashford Member

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    Our country needs a Council of Elders or something. Paul Volcker, George Mitchell, Robert Morgenthau and Colin Powell.
     
  5. dback816

    dback816 Member

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    Paul Volcker did okay during his time

    That's what all my case studies taught me in college

    :rolleyes:
     
  6. SamFisher

    SamFisher Contributing Member

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    I wish he would have done this earlier.
     
  7. B-Bob

    B-Bob "94-year-old self-described dreamer"

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    Add Moses Malone and Hakeem Olajuwon, and I would support this.
     
  8. BetterThanEver

    BetterThanEver Contributing Member

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    Summers or Geithner usually flank Obama on major annoucements regarding banks and regulation. Neither of them were in attendance, but Obama was flanked by Bill Donaldson and Paul Volcker.

    This could be a sign that Geithner and Summers are on their way out. Will there be a change in the Treasury in the near future?
     
  9. SamFisher

    SamFisher Contributing Member

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    Geithner is gone late this year. Summers has academia background so will probably survive.
     

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