Paul Volcker was the Fed Chairman that you may recall kicked inflation's ass in the early 80s. He is a very smart man and dissects the current housing implosion and credit crisis quite well.
As an aside, you may notice that interviewer Charlie Rose has a nasty black eye. Of course, I had to Google this (hoping for a barfight story) and it turns out he got it while saving his MacBook Air from a fall.
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