They (Congress) found a scapegoat (Singh). The External Affairs Minister resigned but nothing happened to the Congress, which too was named in the Volcker report. This Congress administration is neck-deep in corruption.
Volcker brought inflation down to about 4 -- Greenspan took it the rest of the way.
In the bubble on First Avenue, Volcker is just ignored. I talk about it, but it's a solitary conversation.
If we're to get to the bottom of this, if there's to be any credibility, the person that was at the helm during the course of this thing cannot be the guy that Paul Volcker reports to, cannot be the guy that we go asking for help and assistance in getting the people we need to talk to, ... He needs to step back, step down for the credibility of the organization itself.
In the documents given to the Russian side by the Volcker Commission, there is no base of evidence, and they (the documents) could not be the basis for starting an investigation. Moreover, individual materials give doubts as to their authenticity.
I'm not sure Taylor has the political savvy for the job. Greenspan had been in Washington a long time and had a solid reputation. It was no surprise when Volcker was replaced by Greenspan because he was the obvious choice waiting in the wings.
We have sent a letter to the UN secretary general requesting him to make available the documents and other related papers based on which the Volcker Committee named Congress in its report.
We discussed the Volcker report and its unsubstantiated references. We also discussed pressing foreign policy matters.
Mr. Volcker has said that 'the findings do not make for pleasant reading,' and I agree.