Thursday, February 09, 2012

 
 
 

 
 
 
 
 
Former Fed Chief Volcker: We need euthanasia for financial companies
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Wednesday, February 24, 2010
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From Newsmax:

White House economic adviser Paul Volcker recommends euthanasia for non-bank financial institutions that threaten the financial system.

“If a big, non-bank institution gets in trouble and threatens the whole system, there ought to be some authority that can step in, take over that organization and liquidate it or merge it – not save it,” the former Federal Reserve chairman said.

“It's what I call euthanasia, not a rescue..."

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Topics: Financials | Government | Cruxallaneous
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