Tom Wolfe:
An intellectual is a person who is knowledgeable in one field but speaks out only in others.
December 8, 2009
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Volcker is wonderful
The former US Federal Reserve chairman told an audience that included some of the world’s most senior financiers that their industry’s “single most important” contribution in the last 25 years has been automatic telling machines, which he said had at least proved “useful”.
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Ex-Fed chief Paul Volcker’s ‘telling’ words on derivatives industry
