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Topic: Paul Volcker
UPI POY 2009 - Washington DC
Paul Volcker, chairman of the President's Economic Recovery Advisory Board testifies before the Senate Banking Committee hearing on ways to modernize the U.S. financial regulatory system on Capitol Hill in Washington on February 4, 2009. UPI/Roger L. Wollenberg

Latest Headlines

Fed extends debate on Volcker Rule
WASHINGTON, Dec. 26 (UPI) -- The U.S. Federal Reserve said it would extend the public comment period on the so-called Volcker Rule until mid-February.
Obama to speak to Chamber of Commerce
Obama to speak to Chamber of Commerce
WASHINGTON, Feb. 7 (UPI) -- President Obama speaks to the U.S. Chamber of Commerce Monday at the chamber's headquarters in Washington, The White House said.
Financial reform could be signed by July 4
Financial reform could be signed by July 4
WASHINGTON, June 26 (UPI) -- U.S. President Barack Obama could sign sweeping financial reform legislation by July 4, the White House said.
Volcker suggests deficit-cutting taxes
Volcker suggests deficit-cutting taxes
NEW YORK, April 7 (UPI) -- Presidential adviser Paul Volcker, a former Federal Reserve chairman, said budget deficits may force the United States to raise taxes.
White House firm on key reform proposals
WASHINGTON, Feb. 23 (UPI) -- White House Press Secretary Robert Gibbs said President Barack Obama is committed to forming a financial protection agency for U.S. consumers.
The new rule
The new rule
A man seemingly ignored by Washington took center stage in the regulatory reform debate Tuesday, discussing a rule that bears his name -- the Volcker rule.
Volcker pushes to rein in banking
WASHINGTON, Feb. 2 (UPI) -- Presidential adviser Paul Volcker told members of the Senate Banking Committee the U.S. public did not believe in rescuing speculative banks.
Volcker: Stop big bank risk-taking
WASHINGTON, Jan. 31 (UPI) -- Reforms are needed urgently to bar big commercial banks from engaging in risky investments and trading, a top White House adviser says.
Senate confirms Bernanke for second term
Senate confirms Bernanke for second term
WASHINGTON, Jan. 28 (UPI) -- The U.S. Senate confirmed Ben Bernanke's second term as head of the Federal Reserve Bank Thursday by a 70-30 vote margin, a slim victory for a bank chairman.
Volcker pushes for separate banks
Volcker pushes for separate banks
WASHINGTON, Oct. 21 (UPI) -- Former Federal Reserve Chairman Paul Volcker said he espouses a banking system that separates commercial and investment banking.
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Quotes

“ But there are big economic problems behind the financial system too, and they're going to take longer to work out, ”
Obama taking pragmatic economic view
United Press International
“ The one thing we all share is a sense of urgency. ”
Obama creates non-Beltway economic panel
United Press International
“ The issue posed by the present crisis is crystal clear: How can we restore strong, competitive, innovative financial markets to support global economic growth without once again risking a breakdown in market functioning? ”
Group of 30 unveils bank regulation plans
United Press International
“ It is the United States as a whole that became addicted to spending and consuming beyond its capacity to produce, ”
Volcker: U.S. 'addicted to spending'
United Press International
“ There has been, and remains, a strong public interest in providing a safety net ... for commercial banks carrying out essential services. There is not, however, a similar rationale for public funds -- taxpayer funds -- protecting and supporting essentially proprietary and speculative activities, ”
Economic Outlook: The new rule
United Press International
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