Word: volckerism
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Republicans believe you can cut taxes and bring in more money. Democrats believe you can turn mortgages that people can't afford to pay into ones that they can and it won't cost anyone a cent. Most pathetically, Clinton calls for an "Emergency Working Group" composed of Paul Volcker, Robert Rubin and Alan Greenspan. Let those guys figure it out if they're so smart...
...deal "threads the needle in the right way," as Democratic Senator Charles Schumer put it. But if Fed-arranged fire sales become a regular event, questions will inevitably arise about moral hazard and playing favorites. "They stepped into a vacuum, and I think quite appropriately," former Fed chairman Paul Volcker said on Charlie Rose. "But is this what you want for the long-standing regulatory support system? My answer...
...Volcker and many other observers argue that if a mass-scale financial bailout is needed, it's the White House and Congress that must commit the resources. So far, the main movement in that direction is a proposal from Democrats Barney Frank in the House and Chris Dodd in the Senate to get the Federal Housing Administration to insure new loans for home owners facing foreclosure. But Congress could decide to take over and clean up every troubled financial institution in the land if things got bad enough. That would cost trillions, though, and still won't mean much...
International government is “broken” and there is no easy fix in the near future, said Paul Volcker, the former chairman of the Federal Reserve, in a speech on Friday. Speaking at an Institute of Politics forum, Volcker expressed his views on the United Nations, international cooperation and the general status of international government. It was a sharply critical speech, in which he voiced disapproval for what he considered a self-interested approach to international diplomacy. He advocated greater multilateralism on issues ranging from the environment and security to monetary policy, in the form...
...suggest open government. "I don't think any government in Australian corporate history has been more transparent and more determined to get to the truth than we've been," Downer said of the government's willingness to cooperate with the Cole Inquiry and a U.N. commission headed by Paul Volcker. That's strange. At first, Downer did not let Volcker's people interview dfat officers or have full access to documents. (Through Australia's U.N. Ambassador, Volcker complained early last year that the government's cooperation was "beyond reticent, even forbidding.") After Howard weighed in, investigators got proper access...