I always find Chairman Volker refreshing and wouldn't mind seeing him back at the Fed - or the Treasury.
Former Federal Reserve Chairman Paul Volcker scrapped a prepared speech he had planned to deliver at the Federal Reserve Bank of Chicago on Thursday, and instead delivered a blistering, off-the-cuff critique leveled at nearly every corner of the financial system.
Standing at a lectern with his hands in his pockets, Volcker moved unsparingly from banks to regulators to business schools to the Fed to money-market funds during his luncheon speech.
He praised the new financial overhaul law, but said the system remained at risk because it is subject to future judgments of individual regulators, who he said would be relentlessly lobbied by banks and politicians to soften the rules.
Volcker Spares No One in Broad Critique - Real Time Economics - WSJ