Tag Archives: paul volcker

Volcker Plan: TBTF Bank Shares Plunge, Regional Banks Rally

Stacy Summary: Obama should have done this from day one. Why Paul Volcker was forced to sit back while Geithner and Summers continued plunder as usual is beyond me. Well, actually, it’s not, but you know what I mean.  Timmy and Larry were always going to be looking for their next job from the banks they are supposed to be allegedly tough on.

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Volcker: ATM is single most important financial innovation of past 25 yrs

Stacy Summary:  The senior financiers are absolutely ‘shocked!’ that credit default swaps are not more important.   Ah, they don’t have to worry about the truth coming from an ex-Fed chief.  They just need to make sure they keep paying their stooges in the current role.

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Headlines, Headlines, Headlines – 11 April 2009

Stacy Summary: Goldman Sachs begins exerting their Executive Privilege.  Out go the dissenters and the interest rate raisers.

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