Economics
Bogle Grades Financial System ‘D’ as Volcker Urges Curbs
This article is for subscribers only.
Together they have 120 years experience in financial markets. John Bogle, 82, popularized index investing. Paul Volcker, 84, broke the back of 15 percent inflation as Federal Reserve chairman in the 1980s.
Today, they shared the same stage in New York and this view: confidence in the U.S. financial system is broken.