TITLE

Visiting with history

AUTHOR(S)

Streeter, William W.

PUB. DATE

November 2008

SOURCE

ABA Banking Journal;Nov2008, Vol. 100 Issue 11, p4

SOURCE TYPE

Periodical

DOC. TYPE

Editorial

ABSTRACT

The author talks about Paul Volcker, former chairman of the Federal Reserve. The author mentions that when Volcker was asked about how Fed Chairman Ben Bernake handles the credit crisis, Volcker commends Bernake for dealing with the situation adequately given his limited powers. The author stresses what Volcker said, that people have been spending beyond their means. The author also notes Volcker's mention of the word conviction, adding that it is the attribute that sits delicately balanced between arrogance and diffidence.

ACCESSION #

35292847

Tags: EDITORIALS;  VOLCKER, Paul;  BANKING industry -- United States;  FINANCIAL crises;  BERNANKE, Ben, 1953-

 

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