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To: Unalakleet who wrote (107133)1/23/2010 12:43:41 PM
From: Crimson Ghost1 Recommendation  Respond to of 116555
 
The current situation is completely different than when Volker was Fed chairman so the specter of 20% rates again is nothing but fear propaganda.

Still there is little doubt Volker would be more responsible that Ben B and probably would hike rates modestly before long giving savers a better deal.

Volker probably is too old to serve as Fed chairman so there is almost no chance he will get the job even if Ben is rejected IMHO.



To: Unalakleet who wrote (107133)1/23/2010 1:56:41 PM
From: Hoa Hao  Read Replies (2) | Respond to of 116555
 
"There were protests, big ones, outside the fed res building"

He got static face to face too. I remember one semi girl friend who worked part time for a catering outfit in DC while trying to make it as a RE agent. At an affair she was serving at, Volker was there. She made a point of announcing how she was forced to moonlight and gave him the evil eye. He went on placidly smoking his cigar.


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