Great quote from Volcker, although I can't imagine why his "legacy has not crumbled" also.
On 4/11/08, Louis Proyect <[EMAIL PROTECTED]> wrote: > NY Times, April 11, 2008 > High & Low Finance > It's a Crisis, and Ideas Are Scarce > By FLOYD NORRIS > Paul Volcker, the > former Federal Reserve chairman whose legacy has not crumbled since he left > office, was right this week when he said the financial engineers had created > "a demonstrably fragile financial system that has produced unimaginable > wealth for some, while repeatedly risking a cascading breakdown of the > system as a whole." > -- Sandwichman _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
