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November 16, 2009 The Perlmutter accounting amendment is fundamentally flawed. Full Article at Huffington Post
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Despite hundreds of billions in dollars in taxpayer bailouts, the nation's banks have dramatically reduced their lending this year. "Banks' reluctance to lend will limit the ability of some businesses to expand and hire," Bernanke said. Full Article at Huffington Post
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WASHINGTON - SEPTEMBER 24: Former Federal Reserve Chairman Paul Volcker participates in a House Financial Services Committee hearing on Capitol Hill on September 24, 2009 in Washington, DC. View Photo »
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The recovery will be pretty slow, too slow to reduce the unemployment rate very fast
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"It is very important to the United States that we have a strong dollar." So said the United States Secretary of the Treasury. Yes, Paul O'Neill said that. Oh, yes, John Snow said that. And, Hank Paulson. Full Article at iStockAnalyst
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Art Levine: God to Goldman Sachs: You're Not Doing 'God's Work,' Joins Call for Protest at DC Headquarters
Huffington Post
The Wall Street Journal reported that Wall Street banks are on pace to pay out a record $140 billion in compensation this year. Full Article at Huffington Post
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When it comes to understanding the real economy and the struggles of ordinary Americans, Senator Bernie Sanders always seems to be ahead of the curve and fighting like hell for Congress to show leadership and be responsive. Full Article at The Nation
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WASHINGTON - SEPTEMBER 24: Former Federal Reserve Chairman Paul Volcker participates in a House Financial Services Committee hearing on Capitol Hill on September 24, 2009 in Washington, DC. View Photo »
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India may need 'assertive' monetary tightening to control inflation similar to the steps taken by former U.S. Federal Reserve chairman Paul Volcker in the early 1980s, according to Lombard Street Research... 'India could soon need Volcker's policy
SOURCE: Safehaven -
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The adoption of a global common currency can lead to savings in hedging and transaction costs. With 64 per cent of global currency reserves in US dollars, it is best suited to be the common currency, ahead of the euro and SDRs. Full Article at Hindu Business Line
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When I started this blog in April of 2008, my focus was on that year’s political campaigns and the exciting Presidential primary season. Full Article at TheCenterLane.com
About Paul Volcker
Wikipedia
Paul Adolph Volcker (born September 5, 1927) is an American economist. He is best known as Chairman of the Federal Reserve under United States Presidents Jimmy Carter and Ronald Reagan (from August 1979 to August 1987). He is currently chairman of the newly formed Economic Recovery Advisory Board under President Barack Obama. Full Article
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AP Photo
Former Federal Reserve Chairman Paul Volcker, right, former U.S. Secretary of State Madeline Albright, second from right and British Prime Minister Gordon Brown participate in a panel discussion moderated by Ellen Schall at New York University in New York, Wednesday, March 25, 2009.
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NEW YORK - MARCH 25: Former Federal Reserve Chairman Paul Volcker looks on at a forum on multilateralism and global issues at New York University March 25, 2009 in New York City. British Prime Minister Gordon Brown appeared at the event.
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NEW YORK - MARCH 25: Former Federal Reserve Chairman Paul Volcker looks on at a forum on multilateralism and global issues at New York University March 25, 2009 in New York City. British Prime Minister Gordon Brown appeared at the event.
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British Prime Minister Gordon Brown (2L), former US Secretary of State Madeleine Albright (2R) and former Chair of the Federal Reserve Paul Volcker (R) attend a panel on multilateralism and global issues at New York University, in New York, March 25, 2009.
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NEW YORK - MARCH 25: (L to R) British Prime Minister Gordon Brown, former Secretary of State Madeleine Albright and former Federal Reserve Chairman Paul Volcker look on at a forum on multilateralism and global issues at New York University March 25, 2009 in New York City.
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Reuters Pictures
British Prime Minister Gordon Brown and U.S. Secretary of State Madeleine Albright (C) listen to former Chairman of the Federal Reserve Paul Volcker (R) as he addresses an audience regarding multilateralism and global issues at New York University March 25, 2009.
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NEW YORK - MARCH 25: British Prime Minister Gordon Brown pauses (L) as former Federal Reserve Chairman Paul Volcker looks on at a forum on multilateralism and global issues at New York University March 25, 2009 in New York City.
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WASHINGTON - MARCH 13: U.S. President Barack Obama (R) and Economic Recovery Advisory Board Chairman Paul Volcker meet in the Oval Office at the White House on March 13, 2009 in Washington, DC.
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Reuters Pictures
U.S. President Barack Obama meets with Economic Recovery Advisory Board Chairman Paul Volcker (L) in the Oval Office of the White House in Washington March 13, 2009.
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Reuters Pictures
U.S. President Barack Obama meets with Economic Recovery Advisory Board Chairman Paul Volcker (L) in the Oval Office of the White House in Washington March 13, 2009.
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Reuters Pictures
U.S. President Barack Obama meets with Economic Recovery Advisory Board Chairman Paul Volcker (L) in the Oval Office of the White House in Washington March 13, 2009.
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Reuters Pictures
U.S. President Barack Obama meets with Economic Recovery Advisory Board Chairman Paul Volcker (L) in the Oval Office of the White House in Washington March 13, 2009.
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AP Photo
President Barack Obama signs an executive order establishing the Economic Recovery Advisory Board, chaired by Paul Volcker, right, as its members look on in the East Room of the White House in Washington, Friday, Feb. 6, 2009.
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Reflected in a mirror in the East Room of the White House in Washington, Friday, Feb. 6, 2009, President Barack Obama speaks about the Economic Recovery Advisory Board, chaired by Paul Volcker, left, as its members look on.
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WASHINGTON - FEBRUARY 6: Economic Advisory Chair Paul Volcker (2R) and others listen to President Barack Obama (R) speak in the East Room of the White House February 6, 2009 in Washington, DC.
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WASHINGTON - FEBRUARY 6: Economic Advisory Chair Paul Volcker (R) and others watch as President Barack Obama signs an executive order in the East Room of the White House February 6, 2009 in Washington, DC.
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WASHINGTON - FEBRUARY 6: Economic Advisory Chair Paul Volcker (2R) and others listen to President Barack Obama (R) speak in the East Room of the White House February 6, 2009 in Washington, DC.
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WASHINGTON - FEBRUARY 06: US President Barack Obama (L) and Paul Volcker (R) walk up to the podium before Obama signed an executive order establishing the new Economic Recovery Advisory Board during an event in the East Room of the White House on February 6, 2009 in Washington, DC.
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US President Barack Obama speaks as he introduces the President's Economic Recovery Board chaired by former Federal Reserve head Paul Volcker (L) in the East Room of the White House in Washington on February 6, 2009.
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WASHINGTON - FEBRUARY 06: Paul Volcker (L) speaks while US President Barack Obama listens before he signed an executive order establishing the new Economic Recovery Advisory Board during an event in the East Room of the White House on February 6, 2009 in Washington, DC.
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US President Barack Obama (seated) signs an executive order establishing the President's Economic Recovery Board chaired by former Federal Reserve head Paul Volcker (R) in the East Room of the White House in Washington on February 6, 2009.
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US President Barack Obama (R) listens to the chairman of the President's Economic Recovery Board former Federal Reserve head Paul Volcker (L) as they introduce members of the team in the East Room of the White House in Washington on February 6, 2009.
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US President Barack Obama (R) listens to the chairman of the President's Economic Recovery Board former Federal Reserve head Paul Volcker (L) as they introduce members of the team in the East Room of the White House in Washington on February 6, 2009.
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US President Barack Obama arrives with chairman of the President's Economic Recovery Board former Federal Reserve head Paul Volcker (L) to introduce members of the team in the East Room of the White House in Washington, DC, on February 6, 2009.
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AP Photo
President Barack Obama accompanied by Economic Recovery Advisory Board Chair Paul Volcker, left, speak in the East Room of the White House in Washington, Friday, Feb. 6, 2009, where he introduced members of the President's Economic Recovery Advisory Board.
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Getty Images
NEW YORK - MARCH 25: Former Federal Reserve Chairman Paul Volcker looks on at a forum on multilateralism and global issues at New York University March 25, 2009 in New York City. British Prime Minister Gordon Brown appeared at the event.
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