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'Wake up, gentlemen', world's top bankers warned by former Fed chairman Volcker

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ATM'S, NOT CDS'S
One of President Obama's closest economic advisors believes that the greatest financial innovation in the past 20 years is the cash machine, the Times of London reports. Former Fed chairman Paul Volcker berated bankers for their failures and excessive pay at a conference in Sussex yesterday. “I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence,” he said.
SOURCE:   Times of London

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