Paul Volcker

G20 Central Banks Unite to Fight Economic Depression

Can Central Bankers Prevent the Great Depression? Amid the worst financial crisis and market meltdowns since the 1930's, the world's top-20 central bankers and finance ministers are busy at work, inflating the world's money...

U.S. Treasury the Final Bailout

Martin Weiss writes: We have come to a major crossroads in the history of our nation, a time when you must understand all the relevant events in far greater depth, and see the likely future with far greater clarity. Indeed, I...

CEO poll, bets back Fed's Geithner as Treasury pick

CHICAGO (Reuters) - Momentum to name Timothy Geithner as the next U.S. Treasury Secretary seems to be building, both among the country's top business executives and bettors with actual skin in the game.

Africa: Thinking About the U.S. Transition

"The problem [with projections of President-elect Obama's foreign policy priorities] is that for a new leader promising change, they have tended to reflect the most traditional sorts of Washington priorities, neglecting other...

Transition: Progress on Bill's vetting?

Per the transition office, Obama and Biden hold private meetings in Chicago today and have no public events. Speculation over Hillary Clinton becoming Obama’s secretary of state continues to dominate the transition chatter. The...

Word on the Street: Volcker to Be Obama's Initial Treasury Secretary?

Speculation continues to build over who will succeed Hank Paulson.My guest today, Christopher Whalen, Managing Director of Institutional Risk Analytics, says he’s hearing that “old family friend” Paul Volcker may be tapped to...

Book review: The Great Inflation and Its Aftermath

Random House. $26. Robert J. Samuelson, an economics columnist for Newsweek and The Washington Post, says historians have not understood the significance of the "Great Inflation" that raged through the economy in the late 1970s...

Volcker Dire Warning

Tuesday, November 18, 2008 - FreeMarketNews.com Paul Volcker, the former chairman of the US Federal Reserve, has warned that the economic slump has begun to metastasise after a shocking collapse in output over the past two...

G20 undermines accounting independence

Accounting hasn't been this political since the time Andersen was sent down the chute.The G20 now wants the International Accounting Standards Board to promote financial stability, reports Accountancy Age. That's a totally...

Volcker blames 'alchemists' and bloated bonuses

Paul Volcker, the central banker responsible for crushing inflation in the United States in the 1980s, blamed excessive pay packages yesterday for leaving the world with a "broken financial system".Speaking in London, the...

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