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Paul Volcker

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“ The banks are there to serve the public and that is what they should concentrate on. These other activities create conflicts of interest. They create risks, and if you try to control the risks with supervision, that just creates friction and difficulties ”
Volcker pushes for separate banks
United Press International
“ 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
“ We are a fact-finding body, not a law enforcement agency ”
Inquiry accuses former U.N. oil-food chief
United Press International
“ We were scheduled to give a status report on our investigation ”
Oil-for-food inquiry panel reports status
United Press International
“ I asked a Canadian whether they'd adopt the U.S. dollar ”
Currency risks not major business concern
United Press International
“ He feels his resignation as chief executive will help clear the air and facilitate the recovery of Arthur Andersen under fresh management. ”
Embattled Andersen CEO steps down
United Press International
“ The Federal Reserve is often not in control of things, particularly in the short run. Sometimes the markets are in control of events rather than the other way around. ”
Outside view: Inevitable recovery
United Press International
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