Reply #26: Volcker still won't tell the honest truth.

[roamer65]

The American big banks are still "zombie banks" and need to be nationalized to clear out the bad loans. These banks then should be broken up and sold. We are making the same mistake the Japanese made in the early 1990's with their banking system.

Volcker is the "tool" who singlehandedly destroyed the industrial base of this country, so I am not surprised at his half truths. At least he agrees that Glass-Steagall should be re-instated.