Ralph Nader: Paul Volcker’s Latest Hurrah

When towering Paul Volcker speaks, people tend to listen. Formerly the no-nonsense chairman of the Federal Reserve, he proposed measures after the Wall Street crash of 2008 to deal with the “too big to fail” intimidations of the giant banks. With fewer gigantic banks after the Crash, Congress and Obama listened, in some measure, to his ideas for reforms and enacted the so-called Volcker amendment.

Now at age 85, Volcker has launched the Volcker Alliance to improve public administration and implementation of policies and by doing so advance the public interest to improve protections and services for the people. Public trust means more people will participate in governmental decisions and hold government officials responsive and accountable.