After all, the pinnacle of his career was being chairman of the Federal Reserve, a job he held from 1979 until 1987.
Mr Volcker, who currently heads the President's external panel of advisers on economic recovery, has consistently advocated a more aggressive approach to fixing the financial system that has not, until now, found favour within the administration. |
Read the rest of the story HERE:
At www.telegraph.co.uk
Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.
Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.