Forbes: Volcker Should Be Next Treasury Secretary
By Barry Ritholtz - November 5th, 2008, 5:33PM
click for video
Steve Forbes, chief executive officer of Forbes Inc. and a former Republican presidential candidate, talks about U.S. President-elect Barack Obama’s top priorities, the possibility Paul Volcker will be named Treasury Secretary and outlook for an economic recovery.
00:00 Obama’s top priorities; Paul Volcker
01:35 Mistakes by the Bush administration
02:10 Potential stimulus package; tax proposals
04:04 Outlook for economic recovery
Running time 05:14
Source:
Steve Forbes Likes Volcker as Next Treasury Secretary
Bloomberg, Novermber 5, 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a3hlLhNbO7p4
November 5th, 2008 at 6:08 pm
Volcker?
As the esteemed Wayne Campbell once said: (and I quote)
“Shyeah, and monkeys might fly out of my butt!”.
Cue dramatic music.
November 5th, 2008 at 10:08 pm
Would be great but painful. America is too decadent for painful.
November 5th, 2008 at 11:01 pm
Only in my wildest dreams would Obama appoint Volker. How would the market react? The crew on CNBC? Surest path to a one term administration, doing the right thing.
November 6th, 2008 at 7:46 am
This may be the only thing Steve Forbes and I agree on. Yes. Paul Volcker is the best person for the job. All 6′7″ of him is intelligence, knowledge, experience, common sense, foresight, patience, calm and sensibility. Let’s hope he is willing to take on the task.