Cheap cigars, politics and the Volcker Rule

(Reuters) ... The son of a town manager who grew up in Teaneck, New Jersey, Volcker has a no-nonsense style. He was famous during his tenure at the Fed for the shiny suits he wore and inexpensive cigars he relished.
... "In today's world it sounds rare to see on a Friday night the chairman of the Federal Reserve carrying his bag himself in economy class, smoking the most foul cigars because they were cheap and he enjoyed them," Wolfensohn said. Continued