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<p>[QUOTE=&quot;SilverSurfer, post: 797886, member: 21603&quot;]<a href="http://www.bloomberg.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bloomberg.com/" rel="nofollow"><span style="color: #0000ff">Bloomberg</span></a> reports that:</p><p><b>“Volcker was vindicated yesterday when Obama proposed limiting trading activities of financial institutions to prevent another crisis, adopting recommendations of the 82- year-old former Federal Reserve chairman. Obama called it the “Volcker Rule.” </b></p><p><b>“This represents somewhat of a shift from the positions of those in the administration in favor of deregulation,” said <a href="http://search.bloomberg.com/search?q=Joseph+Stiglitz&amp;site=wnews&amp;client=wnews&amp;proxystylesheet=wnews&amp;output=xml_no_dtd&amp;ie=UTF-8&amp;oe=UTF-8&amp;filter=p&amp;getfields=wnnis&amp;sort=date:D:S:d1" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://search.bloomberg.com/search?q=Joseph+Stiglitz&amp;site=wnews&amp;client=wnews&amp;proxystylesheet=wnews&amp;output=xml_no_dtd&amp;ie=UTF-8&amp;oe=UTF-8&amp;filter=p&amp;getfields=wnnis&amp;sort=date:D:S:d1" rel="nofollow"><span style="color: #0000ff">Joseph Stiglitz</span></a>, a Nobel laureate and frequent critic of the administration. “Volcker has been pushing for this for a year, and it was one of my biggest disappointments that his idea wasn’t picked up by decision-makers until now.” </b></p><p>&nbsp;</p><p><i>Messrs. Obama and Volcker drew on some hefty doses of populist anger when drawing up these latest proposals to curb the size and activities of banks. Whether or not these plans will actually see the light of day, is another matter however. If, perhaps, the [US] populace should exhibit the same degree of anger towards its Supreme Court which just sold its electorate down the river yesterday, then such changes can come about. If yesterday’s decision to allow corporate billions to make their way into the US political process goes unnoticed and/or unchallenged, well, then, it does not much matter what Messrs. Volcker or Obama dream of. Not in the least. Looks to this writer like someone has some choices to make, now that a century’s worth of separation of money &amp; state has just been nuked.</i></p><p>&nbsp;</p><p><i>[Source, Jon Nadler]</i>[/QUOTE]</p><p><br /></p>

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