Robber baron facilitators won’t pull US economy out of recession
The last time Volcker was appointed to a high profile investigation into economic malaise, he blew it.
President-elect Barack Obama is dreaming in technicolour in thinking former federal Reserve chairman Paul Volcker can pull the U.S. economy out of recession.
Mainstream media comment was all but non-existent when Obama appointed big-name Volcker to his economic recovery team.
The last time Volcker was appointed to a high profile investigation into economic malaise, he blew it. Handpicked by then UN secretary general Kofi Annan to clean up UN corruption, Volcker, gave a free ride to the robber barons who had lined their pockets in what has been called the biggest scandal in world history. Welcome to CFP’s Comment Section!
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