Volker Says Obama Plan Leaves Opening for Bailouts
WASHINGTON (AP) — Paul A. Volcker, a top White House economic adviser, said Thursday that the Obama administration’s proposed overhaul of financial rules would preserve the policy of “too big to fail” and could lead to future banking bailouts...
...Mr. Volcker said he did not differ with the administration on most of its proposals and that he took “as a given” that banks would be bailed out in times of crisis...
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