Paul Volcker on the Crisis of Faith

Corporate...attitudes got corrupted by the mentality in the markets in the 1990s, the former Fed chief says

Lots of people talk about the need for corporate reform. Paul A. Volcker tried to make it happen. For months this spring, the former Federal Reserve Board chairman headed an oversight board that struggled to rescue Arthur Andersen by turning the embattled accountancy into a model auditing-only firm.

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