Government is trying to make bank bailouts permanent -- Paul Volcker and senior Harvard economist Jeffrey Miron both testified to Congress this week that the government is trying to make bailouts for the giant banks permanent.Paul Adolph Volcker (born September 5, 1927) is an American economist. He was the Chairman of the Federal Reserve under United States Presidents Jimmy Carter and Ronald Reagan (from August 1979 to August 1987). He is currently chairman of the newly formed Economic Recovery Advisory Board under President Barack Obama
The Chair of the Board of Governors of the Federal Reserve (private) Bank is the head of the central banking system of the United States http://www.newyorkfed.org/
