Bank Reform - Back to the Future

Former US Fed Chairman, Paul Volcker speaks out on reforming the banking systems. It is time!

PRESIDENT OBAMA 10 days ago set out one important element in the needed structural reform of the financial system. No one can reasonably contest the need for such reform, in the United States and in other countries as well. We have after all a system that broke down in the most serious crisis in 75 years. The cost has been enormous in terms of unemployment and lost production. The repercussions have been international. Read the whole thing here.

This entry was posted on 31. January 2010 at 14:48 and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.