Monday, July 12, 2010

Paul Volcker Pushes for Reform, and Regrets His Past Silence

Despite his efforts on financial legislation aiming to correct years of deregulation, Paul Volcker is concerned that banks will still have too much wiggle room.

I fear Volker is correct. Pitch forks and torches, Hot tar and feathers, may do the job. A great deal of expensive wool would be destroyed.

Real constituent pain, not just the thought of it, will bring action.

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