[Pen-l] Solutions "would not seem unreasonable to an old-fashioned socialist"

["Charles Brown" <charlesb@xxxxxxxxxxxxxxxxxxxxx>]

" 

Yea, isn't the current crisis his legacy crumbling ?

Charles

From: Sandwichman 

Great quote from Volcker, although I can't imagine why his "legacy has
not crumbled" also.

On 4/11/08, Louis Proyect <lnp3@xxxxxxxxx> 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


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