Thursday, September 24, 2009

What he said....

I'm too young to have seen Paul Volker's time at the Fed.  I only know him as an advisor to Obama.  His recommendations are 180 degrees from everything else coming out of the Obama administration.

These are words that I would expect from a Democrat.  And he is right.  If you care to think or offer opinions about what should be done to keep this finance crisis from happening again then you have to read this:
http://www.house.gov/apps/list/hearing/financialsvcs_dem/volcker.pdf

hat tip: Barry Ritholtz at The Big Picture

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