four years after wall street helped the worst economic downturn th great depression and prompted allayerbailout, itegai went or de efforts to rein in the banks." those are discouraging words. so to find out more about what's going on, i thought, why not go right to the source, the man after whom the volcker rule was named. educated at princeton, harvard and the london school of economics, paul volcker has been a formidable figure in government for more than 30 years, serving two terms as chairman of the federal reserve from 1979 to 1987. he's also advised the u.n and the world bank, he headed president obama's economic recovery advisory board. paul volcker, welcome to the show. >> thank you. >> these headlines and many others suggest that they're going to win this one. that they're going to get a weaker volcker rule. >> i think there's a certain amount of confusion here. a lot of the criticism is over the complexity of the thing and, essentially it's down to a lot of details. but the basic rule, of course, is incorporated in the law. and i think when you get all finished with this sturm und dra