Volcker warns how serious things have become
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2008-11-18 — creditwritedowns.com
Mr. Volcker's last statements should be seen as a shot across the bow of financial firms in America. The Obama Administration is going to look askance at excessive compensation and will certainly look to regulation if necessary to amend Wall Street's profligate ways. In essence, Volcker has said the Wall Street bonus system bears a large measure of the blame for the present crisis.
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tvsterling at 21:10 2008-11-19 said:
I know of a good way to give the auto manufacturers a bailout that would be a good deal for us taxpayers. Offer to buy stock in massive blocks. Preferred Stock at a 50% discount. It would at least be fun to see them choke on their fillet mingion on their private jets as they fly back to Detroit.AAA Permalinkadd a comment | go to forum thread
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