Mr Volcker : Voice Of An Economist

The world economy, feels actually the pain of risks, that financial crisis fever still alive in world economy’s body, what seems a propagating risk-flu heavier and not less spreading slower than swine-flu.

It’s  a big time, for voices like Mr Volker to be heard, before it is too late, since there is a crisis, a solution is needed, and the question is how long the world economy can survive with this fiancial fever, before the catastrophic disaster.

Making banks less risky, is the first step forward, donating blood to the economy,  the fact that sharia compliant solutions applied by islamic banks risk-free, or at least sharing-risk-profit, still widely far from being affected by this worldwide financial fever, and risk-flu, All add a great value to Mr Volker suggestions to the economy of market and the administration of obama.

“Extensive participation in the impersonal, transaction-oriented capital market does not seem to me an intrinsic part of commercial banking.”

- Paul Volcker