{"id":3784,"date":"2010-09-24T10:22:51","date_gmt":"2010-09-24T10:22:51","guid":{"rendered":"http:\/\/zmetro.com\/?p=3784"},"modified":"2010-09-24T10:22:51","modified_gmt":"2010-09-24T10:22:51","slug":"volcker_spares","status":"publish","type":"post","link":"https:\/\/www.zmetro.com\/?p=3784","title":{"rendered":"Volcker Spares No One in Broad Critique"},"content":{"rendered":"<p><a HREF=\"http:\/\/blogs.wsj.com\/economics\/2010\/09\/23\/volcker-spares-no-one-in-broad-critique\/\">Damien Paletta<\/a>:<\/p>\n<blockquote><p><I>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.<\/p>\n<p>Bloomberg News<br \/>Former Fed Chairman Paul Volcker<br \/>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.<\/p>\n<p>He praised the new financial overhaul law, but said the system remained at risk because it is subject to future \u201cjudgments\u201d of individual regulators, who he said would be relentlessly lobbied by banks and politicians to soften the rules.<\/p>\n<p>\u201cThis is a plea for structural changes in markets and market regulation,\u201d he said at one point.<\/p>\n<p>Here are his views on a variety of topics.<\/I><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Damien Paletta: 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. Bloomberg NewsFormer Fed Chairman Paul VolckerStanding at a lectern with his hands in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/3784"}],"collection":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3784"}],"version-history":[{"count":0,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/3784\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}