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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: Paul Volcker

Paul Volcker stories: 13 news summaries

Volcker: Obama Plan May Lead
to More Bailouts

Former Fed chief
faults strategy
of 'too big to fail'

Sep 24, 09 5:27 PM CDT
(AP) - A top White House economic adviser says the Obama administration's proposed overhaul of financial rules preserves the policy of "too big to fail" and could lead to future bailouts. Former Fed chief Paul Volcker told Congress that by designating some companies as critical to the broader financial system, the... More »

MORE ABOUT:
Wall Street • General Motors • Paul Volcker • AIG • bailout • bank regulation • Obama administration • Wall Street bailout

ANALYSIS

Obama's Econ Board Doesn't Look So Transparent

Transparency falling to expediency?

Mar 23, 09 2:48 PM CDT
(Newser) - When Barack Obama announced his Paul Volcker-led economic advisory board, he said it would meet every 2 weeks. Six weeks later it still hasn’t met, and isn’t planning on doing so until “late spring”—at least not publicly. Board members hint that some are meeting in... More »

MORE ABOUT:
Barack Obama • Paul Volcker • economic adviser • transparency • Obama administration

 Vetting Process Leaves 
 Agencies Understaffed 

Stimulus increases workload, but senior posts vacant

Feb 27, 09 3:02 PM CST
(Newser) - President Obama’s nominee vetting process is making it hard for federal agencies to get to work on new projects, the Boston Globe reports. Of about 500 senior positions, only 70 have been filled. Normally that wouldn’t be a problem, but the passage of the stimulus package “may... More »

MORE ABOUT:
Cabinet • Paul Volcker • Treasury Department • economic stimulus package • vetting • Obama administration • Treasury secretary • President Obama • Timothy Geithner

(Newser) - Barack Obama unveiled his Paul Volcker-led economic panel today and took the opportunity to make another forceful plea for his stimulus package, CBS reports. Today’s ghastly jobs report proved “the need for wise counsel and bold and immediate action,” Obama said. “It is inexcusable and irresponsible... More »

MORE ABOUT:
Barack Obama • Paul Volcker • economic stimulus package • economy • Obama administration

Obama Names Economic Panel, Volcker to Lead

Drawing on industry and academia, Obama hopes to avoid Beltway vacuum

Feb 6, 09 7:06 AM CST
(Newser) - The White House today named a team of economic advisers, led by former Fed chairman Paul Volcker, to help shape the economic recovery with voices from outside the Beltway, the Washington Post reports. With an initial term of 2 years, the White House Economic Recovery Advisory Board will add to... More »

MORE ABOUT:
Martin Feldstein • Paul Volcker • Jeffrey Immelt • Larry Summers • economic adviser • Obama administration • Timothy Geithner • Economic Recovery Advisory Board

Democrats Promote
Volcker as Car Czar

White House, Dems
see Obama's economic guru as good choice

Dec 11, 08 9:22 AM CST
(Newser) - Former Federal Reserve chief Paul Volcker is shaping up as the frontrunner for the new “car czar” position included in the Big Three bailout bill that passed the House last night, reports the Wall Street Journal. The selection is being coordinated between the White House and the incoming... More »

MORE ABOUT:
Barack Obama • Paul Volcker • auto industry • bailout • financial crisis

Volcker Will Call for Tough
Measures to Right Economy

Ex-Fed chief says consumerism, unchecked Wall Street to blame for woe

Dec 8, 08 8:22 AM CST
(Newser) - Paul Volcker is known for the tough measures he used as Fed chief to reel in inflation in 1981, risking a recession and widespread pain in the short term to get the economy back on track for the next 2 decades. Now Volcker, tapped as chairman of Obama’s Economic... More »

MORE ABOUT:
Barack Obama • Paul Volcker • bailout • financial crisis • President Obama • Economic Recovery Advisory Board

OPINION

Obama Should Beware 'Best and Brightest'

A la JFK's Cabinet, too often masks poor judgment, inexperience

Dec 7, 08 1:18 PM CST
(Newser) - Barack Obama has won praise for appointing “the best and the brightest” to his Cabinet during a time of war and economic hardship. But all the back-patting sounds a little too familiar, Frank Rich writes in the New York Times. “The stewards of the Vietnam fiasco had... More »

MORE ABOUT:
Barack Obama • Hillary Clinton • Vietnam • David Halberstam • John F. Kennedy • Paul Volcker • Robert Rubin • financial crisis • President Obama • Timothy Geithner • Lawrence Summers

MARKETS

 Dow Extends Rally, Rises 247 

Grim earnings and economic reports can't stop Street's rise

Nov 26, 08 3:20 PM CST
(Newser) - The markets extended a winning streak into a fourth session today, despite mostly dismal economic data, the Wall Street Journal reports. Consumer spending and orders for durable goods fell over the last month, but the Dow closed up 247.14 points at 8,727. The Nasdaq rose 67.4 points... More »

MORE ABOUT:
Barack Obama • Citigroup • Intel • Dow Jones • Paul Volcker • Nasdaq • S&P 500 • Hewlett-Packard

 Rubin Won't Take Treasury Post 

Decision paves the way for another former Secretary, Lawrence Summers

Nov 6, 08 2:50 PM CST
(Newser) - Former Treasury Secretary Robert Rubin, a top economic adviser to Barack Obama during the campaign, will not reprise that Cabinet role in the new administration, Bloomberg reports. “I've spoken with him and told him I'm not interested in going back into government,” Rubin said today. His denial boosts... More »

MORE ABOUT:
Barack Obama • Jon Corzine • Paul Volcker • Robert Rubin • Larry Summers • Treasury secretary • transition team • President Obama • Timothy Geithner

Obama Gets Down to Business 

Treasury chief may be announced today as transition gears up

Nov 6, 08 4:20 AM CST
(Newser) - The Barack Obama team is swiftly dismantling his presidential campaign network and getting the framework in place for the transfer of power, the Washington Post reports. Economic issues are taking priority and the president-elect may announce his Treasury secretary as soon as today. Sources say New York Fed Chief Timothy... More »

MORE ABOUT:
Barack Obama • Paul Volcker • transition • Larry Summers • Election 2008 • George W. Bush • Obama administration • Treasury secretary • President Obama • Timothy Geithner

Three Former SEC Heads
to Endorse Obama

Honchos are Reagan, Clinton, and Bush appointees

May 14, 08 2:00 PM CDT
(Newser) - Three former heads of the Securities and Exchange Commission, including President Bush appointee William Donaldson, will endorse Barack Obama today, joining with former Fed chair Paul Volcker to say the candidate will take a “reasoned approach” to “balanced regulatory reform.” Donaldson said he was especially impressed by... More »

MORE ABOUT:
Barack Obama • SEC • capital gains tax • Paul Volcker • George W. Bush • William Donaldson

Frist Heads World Bank Shortlist

Bush determined to replace Wolfowitz with American

May 24, 07 6:10 AM CDT
(Newser) - The White House is eying former Senate majority leader Bill Frist to take the World Bank presidency soon to be vacated by Paul Wolfowitz, the Wall Street Journal reports. Also getting a look are Treasury No. 2 Robert Kimmitt, onetime trade representative Robert Zoellick, and Federal Reserve chairman Paul Volcker,... More »

MORE ABOUT:
Bush administration • World Bank • Paul Wolfowitz • Henry Paulson • Bill Frist • Robert Zoellick • Robert Kimmitt • Paul Volcker

13 Stories


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