‘Wake up, gentlemen’, world’s top bankers warned by former Fed chairman Volcker

Patrick Hosking and Suzy Jagger Times [UK]

One of the most senior figures in the financial world surprised a conference of high-level bankers yesterday when he criticised them for failing to grasp the magnitude of the financial crisis and belittled their suggested reforms.

Paul Volcker, a former chairman of the US Federal Reserve, berated the […]

Socialism Goes Global

by Justin Katz AnchorRising.com September 27, 2009

Without going into details, I’ll say that I’ve got reason to be especially averse to news about exorbitant salaries for banking executives, but the international structure for market dictation that they’re proposing to build to control the salaries of the ultra-rich will prove to be a ratcheting constrictor: