MB Civic

Taibbi …

So former Fed chief Paul Volcker yesterday was spouting off about how nuts it is that certain “too big to fail” commercial banks that receive mountains of public money are allowed to run around acting like high-risk hedge funds … This would be meaningful if the Economic Recovery Board that Volcker runs for Obama were actually a chief policymaking center for the president. But the reality is that the Volcker group is a kind of show-pony the Obama administration kept on as a way to give consolation jobs to the more progressive economic advisers who led them through the campaign season

.. read more