Word: volckerism
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...Volcker also expressed fears about the government rescue of troubled banks. He argued in favor of a system in which the government could take over faltering institutions to prevent collapse—with the ultimate goal of dissolving such financial groups...
...foot 7, so he was too tall for the microphone on the podium to record him,” explained Christopher J. Hollyday ’11, the chair of the IOP Forum Committee. Volcker, nicknamed “Tall Paul,” was quickly fitted with a personal microphone instead...
Following his speech, Volcker spent nearly an hour answering questions from the audience about the lessons that could be learned from the economic meltdown...
...don’t think we will have a sustainable recovery unless we deal with the underlying structural issues,” Volcker said...
When Adam B. Chepenik, a student at HKS and Harvard Business School, asked Volcker for his advice to students, the former Fed Chair discouraged young audience members from going into the world of finance...