Wall Street Manna

An irreverent look at Wall Street

Saturday, February 21, 2009

Volcker: Banker's greatest innovation was the ATM

Paul Volker slammed Wall Street and their "innovative" products like credit default swaps and asset backed securities as bringing few benefits.

He said the greatest innovation in banking in the last 20 or 30 years was the ATM machine!
http://www.huffingtonpost.com/2009/02/20/paul-volcker-financial-cr_n_168772.html

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