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Every era needs a hero! He's mine.
http://www.bloomberg.com/apps/news?p...W4TVEcRw&pos=4
“Surely the recent revelations about the use (and abuse) of complex derivatives in obscuring the extent of Greek financial obligations reinforces the need for greater transparency and less complexity,” Volcker said in his speech yesterday.
Maybe the Volcker rule wouldn't have prevented the previous crisis, but dammit, it'll probably prevent the next one.
http://www.bloomberg.com/apps/news?p...W4TVEcRw&pos=4
“Surely the recent revelations about the use (and abuse) of complex derivatives in obscuring the extent of Greek financial obligations reinforces the need for greater transparency and less complexity,” Volcker said in his speech yesterday.
Maybe the Volcker rule wouldn't have prevented the previous crisis, but dammit, it'll probably prevent the next one.