Banks' Response To The Obama Crusade: The Protium Model

If you have a read through the newspapers at the moment, you could be excused for believing that we have gone back in time to the post-war era. All the concepts that are presented as a foundation for a post-crisis financial system are borrowed from the post-war era: suffice to mention the Tobin tax, Kenynesian economics and the latest revival by US President Obama of the Glass-Steagall reforms. The very resurrection of Paul Volcker as the high priest of the US economy is the ultimate embodiment of the current 'back to the future' Zeitgest, which pervades economic and financial policy

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