{"id":196225,"date":"2008-05-15T16:31:00","date_gmt":"2008-05-15T21:31:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/15\/volker-calls-for-more-regulation\/"},"modified":"2008-05-15T16:31:00","modified_gmt":"2008-05-15T21:31:00","slug":"volker-calls-for-more-regulation","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/15\/volker-calls-for-more-regulation\/","title":{"rendered":"Volker Calls for More Regulation"},"content":{"rendered":"<p>In testimony before Senator Charles Schumer&#8217;s (D-NY) Joint Economic Committee, <a href=\"http:\/\/money.cnn.com\/2008\/05\/14\/news\/economy\/credit_hearing\/index.htm?postversion=2008051412\">Paul Volker called for more, and more effective regulation of the financial markets<\/a>.<\/p>\n<p>There is a back story to all of this.  Volker was one of the Fed members who tried to keep depression era policies in place, with folks like Alan &#8220;Bubbles&#8221; Greenspan out maneuvering  him on things like <a href=\"http:\/\/40yrs.blogspot.com\/2008\/04\/alan-bubbles-greenspan-i-didnt-do-it.html\">the emasculation of Glass Steagall<\/a> by the Fed before the law was repealed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In testimony before Senator Charles Schumer&#8217;s (D-NY) Joint Economic Committee, Paul Volker called for more, and more effective regulation of the financial markets. There is a back story to all of this. Volker was one of the Fed members who tried to keep depression era policies in place, with folks like Alan &#8220;Bubbles&#8221; Greenspan out &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[998,973,985],"tags":[],"class_list":["post-196225","post","type-post","status-publish","format-standard","hentry","category-congress","category-economy","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196225"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=196225"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196225\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=196225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=196225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=196225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}