"He's a snake in the grass, I tell ya guys; he may look dumb but that's just a disguise; he's a mastermind in the ways of espionage." Charlie Daniels, "Uneasy Rider" limited liability, Volker - TT's Lost in Tokyo

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[Update] Rot at the core: Paul Volker notes that something is wrong with incentives, but can`t quite put his finger on it; guess that means MORE regulation by TokyoTom

[Update: Links fixed] Bloomberg reported on March 6 that Former Fed Chairman Paul Volker, in proposals to the Obama administration regarding financial regulatory reform that were included in a January report he wrote with the "Group of 30",...