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Strategies & Market Trends : The coming US dollar crisis
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To: Real Man who wrote (26374)1/21/2010 3:57:15 PM
From: No Mo Mo  Read Replies (1) of 71475
 
"It's stunning what a Republican victory in Mass. can do.
Now we just watch. Maybe hopes for change were not in vain. -g-

"The return of Mr Volcker also raises further doubts about the
security of Mr Geithner’s position in the Obama
administration. For months, in speeches, interviews and
private meetings in Capitol Hill and in New York, Mr Volcker
has made the case for a more far-reaching reform of the
financial sector. Not, he says, a return to Glass-Steagall,
the law dividing commercial from investment banks that was
abolished in 1999, but a return to its “spirit”."

Call me naive but it sickens me to think that the shift toward Volcker and fiscal/monetary prudence is nothing more than a political reaction.

If easy money played with the masses, he'd have Summers out there with him talking about increased lending or more leverage for banks.
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