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GAAP.RUNewsGovernment should not save large financial institutions engaged into speculations – Paul Volcker

Government should not save large financial institutions engaged into speculations – Paul Volcker

Publication date: 17 February 2010

The government should not save large financial institutions engaged into speculations for the sake of high profits – advised Paul Volcker, former chief of the US Federal Reserve and the current chairman of the Economic Recovery Advisory Board under President Barack Obama.

The government should not save large financial institutions engaged into speculations for the sake of high profits – advised Paul Volcker, former chief of the US Federal Reserve and the current chairman of the Economic Recovery Advisory Board under President Barack Obama.