Volcker In BusinessWeek

One quote says it all:

"I wasn’t persuasive enough."

http://www.businessweek.com/magazine/content/10_02/b4162011026995.htm?chan=magazine+channel_the+week+in+business

This is not the first time that Volcker has stated the obvious.



In this interview with BW, he seems to be resigned to the fact that another crisis is soon around the corner because Obama hasn't done enough to cut down on Wall Street excess.

I have written in the past that Obama has marginalized Volcker in favor of Pro Wall Street hucksters like Summers and Geithner.

http://tradersutra.blogspot.com/2009/11/obama-is-more-bush-then-bush.html