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How to Reform Our Financial System

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THE VOLCKER PLAN
"Aggressive action by governments and central banks — really unprecedented in both magnitude and scope — has been necessary to revive and maintain market functions," Volcker writes. "We need to face up to needed structural changes, and place them into law. To do less will simply mean ultimate failure — failure to accept responsibility for learning from the lessons of the past and anticipating the needs of the future."
SOURCE:   New York Times

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