Simon Johnson has a good article at Seeking Alpha discussing Volcker's remarks about the lack of financial reform.
Johnson writes "Volcker has three main points, with which we whole-heartedly agree:
1. “[Financial engineering] moves around the rents in the financial system, but not only this, as it seems to have vastly increased them.”
2. “I have found very little evidence that vast amounts of innovation in financial markets in recent years have had a visible effect on the productivity of the economy”
and most important:
3. “I am probably going to win in the end”.
http://seekingalpha.com/article/178257-volcker-s-wake-up-call-spread-the-word?source=article_sb_popular
Subscribe to:
Post Comments (Atom)
-
I am guilty of sentimentalizing children. They are literally our future. We must not foresake them. Yet we do, over and over again. And ...
-
The Asahi Shimbun is reporting "no quick fix" for dismantling Fukushima Daiichi's ruined reactors: Chikako Kawahara 3 yea...
-
Perhaps you've read that although individuals are being exhorted to "save the planet," corporations are the biggest polluter...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.