Comments on: Next Week http://currencythoughts.com/2009/07/03/next-week-33/ Fri, 30 Jul 2010 18:37:08 +0000 hourly 1 http://wordpress.org/?v=3.0 By: larrygreenberg http://currencythoughts.com/2009/07/03/next-week-33/comment-page-1/#comment-146 larrygreenberg Mon, 06 Jul 2009 20:01:20 +0000 http://larrygreenberg.wordpress.com/2009/07/03/next-week-33/#comment-146 While I too am a great admirer of the service that Mr Volcker gave to this country in restoring price stability, your specific question deals with an issue on which I do not have a great expertise or strong opinion. While I too am a great admirer of the service that Mr Volcker gave to this country in restoring price stability, your specific question deals with an issue on which I do not have a great expertise or strong opinion.

]]> By: Smith_R http://currencythoughts.com/2009/07/03/next-week-33/comment-page-1/#comment-147 Smith_R Mon, 06 Jul 2009 19:31:52 +0000 http://larrygreenberg.wordpress.com/2009/07/03/next-week-33/#comment-147 Hi Larry, I arrived at your blog in odd fashion via my research of Volcker after reading <i>The Sage</i> by Morris. I'm not an economist, nor am I a pundit of any sort on this subject matter. I'm just an ordinary citizen trying to understand the current status of the US economy...and get out of the way! In all the entangled verbiage available on this subject I am liking what I'm reading about P. Volcker. As you may know, he joined with James Wolfensohn in the late 80's to create a boutique investment bank based on long-term client relationships, no underwriting or other market making activities. Unfortunately, it sold to Bankers Trust which has had its share of bad press. However, the idea of a boutique investment banks with the foundation described above is interesting to me and why I'm seeking your advice. In an effort to avoid the BofAs and Chase-type investment banks which have all been negatively affected by the mortgage and credit debacle/bubbles - what current banks follow the Volcker/Wolfensohn philosophy? Feel free to respond via email as this question is not necessarily germane to the above article. Thank you for the hard work you have put into this blog. It is a terrific resource of information. Hi Larry,

I arrived at your blog in odd fashion via my research of Volcker after reading The Sage by Morris. I’m not an economist, nor am I a pundit of any sort on this subject matter. I’m just an ordinary citizen trying to understand the current status of the US economy…and get out of the way!

In all the entangled verbiage available on this subject I am liking what I’m reading about P. Volcker. As you may know, he joined with James Wolfensohn in the late 80′s to create a boutique investment bank based on long-term client relationships, no underwriting or other market making activities. Unfortunately, it sold to Bankers Trust which has had its share of bad press.

However, the idea of a boutique investment banks with the foundation described above is interesting to me and why I’m seeking your advice. In an effort to avoid the BofAs and Chase-type investment banks which have all been negatively affected by the mortgage and credit debacle/bubbles – what current banks follow the Volcker/Wolfensohn philosophy?

Feel free to respond via email as this question is not necessarily germane to the above article. Thank you for the hard work you have put into this blog. It is a terrific resource of information.

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