“There is not . . . a rationale for public funds protecting and supporting essentially proprietary and speculative activities.”
Paul Volcker, chair of President Obama’s Economic Recovery Advisory Board and a member of the Belfer Center International Council, was quoted in “Volcker and speculation,” which the Financial Times published on February 23, 2010.
For the full article, go to: http://www.ft.com/cms/s/3/51b2f186-208c-11df-bf2d-00144feab49a.html