Wall Street faces its biggest shake-up since 1933 Photo: AP The 6ft 7in frame, broad shoulders and trademark shuffle of Paul Volcker were hard to conceal as the supposedly outcast economic adviser became a frequent sight. On Christmas Eve, Mr Volcker had acknowledged to a magazine that he had failed in his quest to get the President to break up US investment banks for the sake of financial stability. "I wasn't persuasive enough," he had lamented.   Related Articles Prop trading in spotlight as Obama plan reverberates Britain rejects Barack Obama's bank reforms FTSE fragile as Obama's fighting talk routs banks Barack Obama wages war on Wall Street 'excess' Paul Volcker: the man behind Obama's plan Ed Conway: Don't believe the bankers' scare stories Less than a month later, he was there as Barack Obama launched the most radical shake-up of Wall Street since 1933, with the President affectionately referring to him as the "tall man standing behind me".[Read more...]