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Feb. 3 2010 - 11:30 am | 53 views | 0 recommendations | 0 comments

Volcker Threatens to Come Back from the Dead and Haunt Senator Johanns

By JEFFREY SEGLIN

At minute 5:49 of this video clip, former Federal Reserve Chairman Paul Volcker tells Senator Mike Johann in his appearance before the Sentate Banking Committee:

“I tell you sure as I am sitting here, that if banking institutions are protected by the taxpayer and they are given free rein to speculate, I may not live long enough to see the crisis, but my soul is going to come back and haunt you.”

 
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    About Me

    Jeffrey Seglin writes "The Right Thing," a weekly column syndicated by The New York Times Syndicate since February 2004. From 1998 to 2004, he wrote a monthly ethics column of the same name for The Sunday New York Times business section. He is an associate professor at Emerson College in Boston where he teaches writing and ethics. He is the author of many books, including The Right Thing: Conscience, Profit and Personal Responsibility in Today's Business and The Good, the Bad, and Your Business: Choosing Right When Ethical Dilemmas Pull You Apart. His syndicated column's blog is at www.jeffreyseglin.com.

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    Do you have ethical questions that you need answered? Send them to rightthing@nytimes.com or to “The Right Thing,” New York Times Syndicate, 500 Seventh Avenue, 8th floor, New York, N.Y. 10018.