In this podcast I talk about the government's funding bill that rips off workers and gives new, free money to Wall Street banks to play with. And I talk about Russia and the crazy policies that Putin and the central bank are employing, which are only hurting the economy and further enabling Western sanctions.
Podcast for Dec 12.
Warren didn’t offer any reasons for her endorsement of Volcker beyond saying, “I think he’s terrific,” but it’s likely his credentials may have something to do with it. Volcker, who served as Fed chairman under presidents Jimmy Carter and Ronald Reagan, is largely credited with taming runaway inflation during his tenure.
He also crafted one of the centerpieces of the 2010 Dodd Frank financial reform law-- an eponymous rule that aims to curb banks’ risky bets with their own money. Wall Street lobbyists have whittled down the law some and House Republicans sought to repeal the Volcker rule earlier this year.
