Yves Smith takes issue with Paul Volcker and his New York Times op-ed for not recognizing the...

|By:, SA News Editor

Yves Smith takes issue with Paul Volcker and his New York Times op-ed for not recognizing the "magnitude of structural change needed." Volcker may be tough-minded, but "his remedies would work for the industry circa 1990, but look anachronistic for the world we live in now."