Paul Volcker and the Vatican, on the same page

Center of Concern | Tue, Oct 25, 2011

Washington DC October 25 - The distinction between ordinary credit and investment banking would allow “a more effective management of the 'shadow markets' which have no controls and limits,” according to a document released today by the Pontifical Office of Justice and Peace, an arm of the Holy See. This is one of a number of issues that the document considers should be part of bringing economy and finance back within the boundaries of their obvious responsibilities at the service of society ... Read the full press release.