Volcker says US markets need more supervision

While massive government intervention has contained the nation's economic crisis, structural reform and increased oversight of financial markets are necessary to avoid a repeat of the "Great Recession," former Federal Reserve Chairman Paul Volcker said Friday.

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Volcker: Recovery won't be quick fix for job rates

Former Federal Reserve Chairman Paul Volcker warned Thursday that the country faces a "considerable slog" in recovering from a deep recession, and that any economic gains will be too mild for a while to make a big dent in stubbornly high unemployment rates.

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Volcker: Obama plans maintain 'too big to fail'

A top White House economic adviser says the Obama administration's proposed overhaul of financial rules preserves the policy of "too big to fail," and could lead to future bailouts.

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Volcker says US growth possible this year

Global financial markets are starting to heal and the U.S. economy could begin to grow again this year, but a strong recovery is unlikely, said President Barack Obama's top adviser Paul Volcker.

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Obama: Help coming for those facing economic pain

President Barack Obama on Friday acknowledged that many families are suffering "incredible pain" from the economy but said his government is on a daily campaign to get credit flowing and build a long-term recovery.

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Volcker sees crisis leading to global regulation

"Even the experts don't quite know what's going on."

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Obama faces crucial choice at Treasury

Now that Sen. Barack Obama has won the presidency, the spotlight will shift quickly to his plan for repairing the damaged economy. And one of his most important decisions will be his choice for treasury secretary, a powerful position that has gained even more importance since Congress approved a $700 billion financial bailout package last month.

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Like universal health care, every other industrialized country in the world already has a value-added tax (as do about 100 emerging countries).

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Time to stop approving all corporate mergers ,and by law, break super large companies up into smaller companies. No company,by law, should be so large that it's bankruptcy threatens the prosperity of the whole US economy.

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Volcker Unsure of His Impact on Economic Policy, Sources Say Our economically clueless president persists in his endeavors to change something that is not under governmental control.Weeks after winning the White House, President Obama sought to reassure a nation unnerved by a fi …

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The Root of the Problem

In looking for a reason for our current economic issues it appears that most people think the problem is just a few years old. They find a point that backs their cause and stop looking.

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IN what may come to be the definitive line about our current economic crisis, Warren Buffett said on the CNBC program "Squawk Box" this month that the United States economy has "fallen off a cliff."

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In a sign of the panic gripping Washington's policy-makers, one of Barack Obama's key economic advisors, Paul Volcker, has warned a gathering of his leading peers that the crash of 2008 might be "the mother of all financial crises...

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Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.

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SOMEDAY historians may look back at Tom Daschle's flameout as a minor one-car (and chauffeur) accident. But that will depend on whether or not it's followed by a multi-vehicle pileup that still could come.

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When European powers ask the United States to "join forces" with them, their intent is for America to act in a supportive role, not one in which it takes the lead. To believe otherwise is to suggest that Europe places America's interests above its own.

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The Federal Reserve has bluntly refused a request by a major US financial news service to disclose the recipients of more than $2 trillion of emergency loans from US taxpayers and to reveal the assets the central bank is accepting as collateral.

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U.S.

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Paul Volcker, who helped tame runaway inflation in the 1980s during two terms as chairman of the Federal Reserve, has agreed to lead a new White House economic advisory committee, President-elect Barack Obama said on Wednesday. He praised Mr.

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Volcker said the other main culprit for the current crisis was financial engineering, with securitised loans, credit default swaps and other derivative products trumpeted as a way of minimising and distributing risk.

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On the day after an unusually important Fed policy meeting both gold and stocks severely rebuked the central bank's decision to take no action in support of the weak dollar or to curb rapidly growing inflation. Gold spiked $30, a clear message that Bernanke & Co.

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In this spot-on economic commentary Donald Hunt takes Obama and neoliberalism to task, citing three articles which give us a glimpse behind the veil of Obama and the people who endorse him.

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``It is only Barack Obama, in his person, in his ideas, in his ability to understand and to articulate both our needs and our hopes that provide the potential for strong and fresh leadership,'' Volcker said in an e-mailed statement today.

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The Federal Reserve: Banking is Dirty Work

"Too many bubbles have been going on for too long…The Fed is not really in control of the situation." Former Federal Reserve Chairman Paul Volcker admits the economic situation in the U.S. is out of control.

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Was Greenspan the Best Fed Chairman Ever? Let's compare his track record to that of William McChesney Martin, who presided from 1951 to 1970.

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