Yes We Can? Paul Volcker's Not So Sure

Charlie Rose interviews Paul Volcker, longtime former chairman of the Federal Reserve and currently the chairman of the Economic Recovery Advisory Board. Volcker talks bluntly about fixing the broken financial system, compensation on Wall Street, the future of the American economy, and the Obama administration’s performance so far. Volcker is particularly pessimistic about getting things done in Washington: “The American political process is about as broken as the financial system.” [%comments]