My thanks go to CIGA Christopher for sending us the just released 2009 Report on Financial Reform by the Group Of Thirty, chaired by Volcker, for review:

Click here to view the report...

This well designed report deals with the world on the day after. It does not provide a means of addressing the present time meltdown of OTC derivatives that have no substantive means of valuation, being devoid of true markets.

The report focuses on legislation, regulation and supervision going forward, but offers no means of addressing the current conditions to right the wreckage of the world financial system or deal with the downward spiral of business conditions. Sorry.

In a nut shell, it is business as usual, not a Second Coming or the Advent of the Economic Master of the Universe as some anticipate

Respectfully,
Jim