Paul Volcker

  • Banks

    Guess Who Doesn’t Think The Volcker Rule Needed Any Tinkering At All?

    It starts with “V” and ends in “R.” And, by the way, he’s not getting any younger, and wouldn’t mind seeing his handiwork in action before, you know, he can’t anymore.

    / Dec 22, 2014 at 4:13 PM
  • Banks

    Paul Volcker Doesn’t Hate Banks

    He just hates giant American banks. If you’re transacting business in Riga, Cairo or Tokyo, he’s listening.

    / Dec 15, 2014 at 11:00 AM
  • News

    Fed Throws Itself A Very Fed-Like Birthday Party

    Before the Federal Open Market Committee began pretending to kick around the idea that maybe it might actually begin to cut its bond buys now, rather than, say, in the future, Ben Bernanke and co. threw themselves a little birthday party featuring the Beard’s only two surviving predecessors, to commemorate the signing of the bill […]

    / Dec 17, 2013 at 6:42 PM
  • paulvolcker


    What Are Your Thoughts On Fly Fishing With Paul Volcker?

    Just you, PV, a friend you deem worthy to tag along and the open water. You can talk about life, fish, and what banking was like in the fifties. Does that sound like something you’d be interested in? Would you go so far as to call it a dream of yours?

    / Nov 27, 2012 at 4:08 PM
  • News

    Photo Of George Soros In His Workout Gear Raises More Questions That It Answers

    [New York Times] 1. What does he bench? 2. Would it have killed the photographer to get a shot of him wailing on his pecs? 3. Does that polo wick sweat? 4. How does he find the motivation on the days working out is the last thing he wants to do? 5. Will there be […]

    / Mar 5, 2012 at 10:27 AM
  • News

    Happy Volcker Day!

    I guess this is a thing? Today is the last day to submit comments on the Volcker Rule so hurry!* No less than Paul Volcker himself was roused from 25 years of slumber to submit his own comment, and while he was up he laid a gleeful smackdown on European governments. You may recall that […]

    / Feb 13, 2012 at 4:07 PM
  • News

    Jamie Dimon Will Not Have His Employees’ Balls Examined Every Time They Want To Make A Trade, No Matter How Bad Paul Volcker Wants It

    I understand the goal to make sure these companies don’t take huge bets with their balance sheets. But market making? Just like these stores down the street, when they buy a lot of polka dot dresses, they hope they’re going to sell, they’re making a judgement call. They may be wrong! So protecting the system […]

    / Feb 13, 2012 at 4:02 PM
  • interesting choice of words

    Eliot Spitzer Is Having ‘Loads’ Of Fun Telling Other People How To Do Their Jobs

    “You know what I would like to see?” Spitzer asked the crowd. “I’d like to see a petition with a hundred million signatures, submitted to the White House tomorrow morning, saying, ‘Give us a treasury secretary who understands reform.’ Bring Paul Volcker in. Bring in Joe Stiglitz. Bring in Paul Krugman. Bring in Robert Reich…Spitzer, […]

    / Oct 12, 2011 at 2:16 PM
  • News

    Goldman Sachs Doesn’t See Anything In The Volcker Rule That Prevents The Bank From Making Principal Investments With Its Own Money

    The rest of the market thought otherwise but Goldman has another interpretation.

    / Mar 21, 2011 at 3:18 PM
  • News

    Morgan Stanley To Spin Out Prop Trading Unit By End Of Next Year

    The division, called Process Driven Trading and run by (part-time musician) Peter Muller, has generated about $4 billion in profits in the 10 years through 2006. It will be renamed PDT Advisors, run by Muller, allow Morgan Stanley to retain a stake in the new venture and take about 60 MS employees along for the […]

    / Jan 10, 2011 at 2:00 PM
  • News

    Vikram Pandit Was Complying With The Volcker Rule Before It Was A Rule

    With the passing of the Dodd-Frank Bill, one pesky thing that banks have had to spent a couple hours getting in line with is the Volcker Rule, and what it means for their proprietary trading desks. Whether to spin them off, send the employees to a farm in the country where they can run around, […]

    / Nov 22, 2010 at 11:38 AM
  • News

    Volcker Thinks Dodd Bill is Pretty Good

    Paul Volcker, President Obama’s special advisor on financial regulatory reform, appears to have endorsed the main bill sponsored by Sen. Chris Dodd of Connecticut. Although details are still being worked out, Congress is moving to pass the bill by the end of the month.

    / May 19, 2010 at 11:12 AM
  • News

    Obama’s Wall Street “Roast”

    Thoughts? Opening reaction– disappointed in the lack of Blankfein shout-outs (especially since Gary Cohn canceled a lunch to make this thing) and not enough jokes.

    / Apr 22, 2010 at 12:15 PM
  • News

    On Torturing Monkeys

    The following post is by Dealbreaker reader and commenter Infinite Guest. In his early experiments, Harry Harlow gave infant monkeys a choice between a chicken-wire “mother” who gave milk and a terrycloth “mother” who did not. Finding that the monkeys preferred the terrycloth mother, he concluded, contrary to conventional wisdom at the time, that the […]

    / Mar 3, 2010 at 11:30 AM
  • News

    Some People Actually Like The Volcker Rule

    The Volcker Rule -aka the euthanasia principle- got some fresh backers over the weekend, with five former Treasury secretaries sending a letter to the WSJ to voice their support. While this must be good news (late wedding gift?) for Paul, the former secretaries don’t add much to the initial argument. They’re just reiterating what Paul’s […]

    / Feb 22, 2010 at 4:06 PM
  • News

    Volcker Loves Volcker Rule

    Got to give it up for Volcker, who, despite growing uproar against his proposed eponymous rule, is soldiering on, saying it’s the best thing that ever happened since well, ever. Volcker is however getting increasingly frustrated and said he is “very disturbed” by the level of dysfunction in Capitol Hill and the Senate, and basically, […]

    / Feb 16, 2010 at 1:28 PM
  • News

    Barney Frank Not Too Excited About Volcker Proposal

    The Volcker Rule is not gaining popularity, with many people distancing themselves from the proposal- with Senator Dodd most recently saying the thing’s a bad idea. A source close to the matter tells us that now, chances for it to be enacted are getting very slim and that even Barney Frank is sort of, “not […]

    / Feb 3, 2010 at 5:57 PM
  • News

    Volcker On The Volcker Rule

    The Volck-Man, who will testify later today before the Senate Banking Committee on his prop trading rule, would first and foremost like everyone to understand that the rule is part of a broader structural reform, which he summarizes elegantly this way: The idea is that a designated agency be provided authority to intervene and take […]

    / Feb 2, 2010 at 1:38 PM
  • News

    Charlie Gasparino: ‘Time’ Got It Wrong On Person Of The Year

    Yesterday, Time named Ben Bernanke Person of Year. This news didn’t sit right with country reporter Charlie Gasparino. Any old hobo would’ve been a better choice, but as luck would have it, Chaz has someone in particular in mind, who is more deserving of the award. And that, CG says, is Charlie Gasparino.

    / Dec 17, 2009 at 11:38 AM
  • News

    Paul Volcker’s Favorite Financial Innovation Of The Last 25 Years Is The ATM

    “It really helps people, it’s useful,” the former Federal Reserve Chief said today. So there’s that.

    / Dec 8, 2009 at 2:40 PM
  • News

    Slowly Back Away From The Printing Machine And Put Your Hands Up

    Paul Volcker sees the bottom. Right in front of his nose. And let us tell you something: As head of the Economic Recovery Advisory Board and a fact finding body on the United States Tax Code, Das Volk knows wherefrom he speaks- when the man says “stop the presses,” he means “stop the bloody presses” […]

    / Apr 29, 2009 at 4:41 PM
  • News

    Volcker Actually Gets A Callback

    Sure, the President claims not to pay any attention to blogs, but we aren’t sure how else you could explain the latest news in light of our recent piece on Paul Volcker. At first glance you would think The Volck a bit too busy with that whole “saving the financial world” project to take on […]

    / Mar 25, 2009 at 12:01 PM
  • News

    Thanks, Paul. Don’t Call Us. We’ll Call You.

    Josh Gerstein over at Politico is not a very happy camper. We’re not huge Politico fans or anything, but Gerstein brings up some very interesting points about how badly Paul Volcker has been used by the present administration. To wit: Six weeks after President Barack Obama appointed a blue-ribbon panel to help him dig America […]

    / Mar 23, 2009 at 12:54 PM

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