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Paul Volcker  Quotes
What’s the subject of life – to get rich? All of those fellows out there getting rich could be dancing around the real subject of life.

—Paul Volcker

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American EconomistDancing
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Then it got corrupted with a capital C when Saddam figured out how to make money off of it by putting on the surcharges and kickbacks,

—Paul Volcker

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Money
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must be broadly shared, starting, we believe, with member states and the Security Council itself.

—Paul Volcker

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Security
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The responses range from absolute denial to complete admittance, … Some said, ‘We had no knowledge of it’ – that’s a pretty standard response – and some said, ‘If we paid it, we don’t know...

—Paul Volcker

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Denial
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If you don’t have some bad loans you are not in business.

—Paul Volcker

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Debt
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There was no doubt that there were difficulties with the Security Council, hampering action on some reports of smuggling and kickbacks,

—Paul Volcker

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Action
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The cumulative impact of this is pretty impressive, … Somebody should have stood up and said, ‘Enough.’ But they didn’t, so it ended up being much more controversial than it should have been considering that...

—Paul Volcker

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We have found no corruption by the secretary general, … his behavior has not been exonerated by any stretch of the imagination.

—Paul Volcker

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Behavior
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Everybody down the line kept very meticulous records because Saddam told them, ‘You get the surcharge from everybody,’ … So they all wanted to document how they got the surcharge.

—Paul Volcker

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