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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
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BBC: Volcker to spell out future of banks
Will an 82-year-old veteran central banker be the man who finally stops the music for the bankers of Wall Street?
A Congressional hearing in Washington on Tuesday may well provide the answer.
A week ago, US President Barack Obama, appeared to be telling America that the ideas of Economic Recovery Advisory Board chairman Paul Volcker would be the centrepiece of his plan to make the global financial system safer, announcing that the "Volcker rule" would determine the future of the world's banks.
But since then, there has been complete confusion as to exactly what the President and Mr Volcker have in mind.
Read it all.
Filed under: * Culture-Watch • Law & Legal Issues • * Economics, Politics • Economy • The Banking System/Sector • The U.S. Government • Politics in General • Office of the President • President Barack Obama
Next entry (above): Tough old soldier battles new enemy: Suicide epidemic
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