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Charlie Rose - Paul Volcker

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Uploaded by on Mar 19, 2008

The Federal Reserve has taken extraordinary emergency measures in response to the current financial turmoil. Tonight, I spoke with Paul Volcker, former Fed chairman and one of the most respected figures on the economy, in an exclusive interview. Here is what he had to say about the collapse of Bear Stearns and the role the central bank has played.




Visit charlierose.com to see the full interview.

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Top Comments

  • Bring Volcker back. Fire Helicopter Ben.

  • We need to legalize Gold & Silver as a Currency again before its to late! Sure we won't Live Wealthy, but we also Won't Live Poor! So in Sense we will Live in the Middle where everything should be and Perfect! Nothing Wrong with that, & our Founders Knew this!

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  • @mullaahmed Both my replies won't show. Can you guess why? READ THEM. EPIC WIN. THE MOST EPIC WIN IN THE HISTORY OF LONGSHOTS. BAHAHHA

  • @insightllc What the fuck? Did you forget to take your pills?

  • @nibelungensohn We need Alan back!

  • @charlierose @paulvolcker @princeton

    Paul Volcker, Prof. Int'l Econ., Princeton Univ -- is a member of the Trilateral Commission and knows 33rd degree secret is the 1899 Alaska Earthquake - British Association record No. 333, at Shide. Isle of Wight on September 3 at three o’ three.

  • ppl write some amount of bullshit on this, especially those calling to use gold and silver

  • Thank you very much for posting. We never get a chance to watch these programs in Japan where it is always affected by the ups and dows of US economy.

  • Actually, during the 1978-79 dollar crisis Paul Volcker and his team at the Fed submitted to international financial pressures and initiated the process of bringing the US banks in the offshore Euromarkets onto home soil. Even President Carter found he couldn't argue with Volcker, as, of course, he (Volcker) had the full backing of the large US banks. I recommend Eric Helleiner's 1994 book as a good introduction on global finance and the role of the US.

  • Volcker is not the one who championed deregulation.  That is simply not true. If anything he is famous for fighting off inflation during that time.

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