'What other central banks have been doing must be reversed..' - Angela Merkel

<blockquote>'..We must return to independent and sensible monetary policies..'

- Angela Merkel ('..otherwise we will be back to where we are now in 10 years’ time.')</blockquote>


<blockquote>'..the ECB is going far beyond what Bagehot asked the central bank to do in times of panic..

- Otmar Issing ('..present violation of law..')</blockquote>


Context
<blockquote>

'..the Volcker rule..' - 'The operation of 100 percent reserve banking .. Amsterdam..'

'..At its heart it is a crisis of the fractionally reserved banking system..'

'..stop fractional reserve lending and other fraudulent lending practices.'

Dallas Fed President Richard Fisher: Too Big To Fail Banks Should Be Punished, May 1, 2012</blockquote>