who came to wall street today o'connell missed max wolfe who works in the financial industry is our tour guide here looking at people who've gone through ten unthinkable low probability events in a four month period where every time you think you can catch a breeder there's another leg down atmospheres on trading floors and in a lot of these firms are funerary friends are gone bonuses are gone futures are on shore. it's been very difficult. street people want to get eventually conversation i mean the regular members of the bank examiner take your ok and i'm going to with a regular sort of the sequel when i got offices it was going to year around you know there was yes you see where all the guys are supposed to be watching you know what's going to. be when i was about ten or twenty years ago you know we have some presses in the late eighty's early ninety's you know but we got to the homes around nobody got her arms around this and i just wonder if you think the average person in america really grasped that to address that really i hope they do and i think it's an excellent question my per

financial problem very much a global financial problem will come to wall street today con amidst max wolf who works in the financial industry is our tour guide here looking at people who've gone through ten unthinkable low probability events in a four month period when every time you think you can catch a breather there's another leg down atmospheres on trading floors and in a lot of these firms are few new aerial friends are gone bonuses are gone futures are unsure. it's been very difficult as we spoke people wanted to get into a conversation i mean the regular times i was in the bank examiner for ten years ok and i want to get the regular sort of the city called on i got offices it was good when you're around you know there was yes you see where all the guys are supposed to be watching you know what's going on and when i was about it's never been years ago you know we had surprises in the way they were the ones you know but we we got to homes around nobody got to enjoy around this i just wonder if you think the average person in america really grasped that to get across the room i hope

we'll come to wall street today a columnist max wolf works in the financial industry he's our tour guide you're looking at people who've gone through ten unthinkable low probability events in a four month period where every time you think you can catch a breather there's another leg down atmospheres on trading floors and in a lot of these firms are funerary old friends are gone bonuses are gone futures are on shore. it's been very difficult. street people want to get you to a conversation i mean i'm sure whoever comes out of the bank examiner to you ok and i'm going to go to regulators or to the city go by the i got offices of course go to get around you know there was yes you see where all the guys i was mostly watching you know what's going on here and i was about it's never been years ago you know we have suppression of the way through that is you know what we we got to homes around nobody got her arms around this i just wonder if you think the average person in america really grasp that to see the prices that we're i hope they do and i think it's an excellent question my personal gue

insight into a bomb as proposed jobs act and find out what it might entail for new york and talk to max fred wolf is senior analyst the great press capitals get that right very good even should see it a mere promises aren't going to cut it this time are they what's your. well i think that the public is sort of fed up with promises and rhetoric and this is where the rubber meets the road you're seeing a president in president obama whose numbers keep going down and in fact in the latest polling that we got just a few days ago have reached new and troubling lows especially before what's guaranteed to be increasingly hot and divisive and nasty and expensive presidential cycle that really has already begun but will shift into high gear in the near future we saw as zero jobs created so no loss no creation in august in two thousand and eleven august that's the only the second time that's happened in the last time that happened was nine hundred forty five we have youth unemployment in the united states at eighteen percent official rate or twice the nine point one percent overall rate so not only are we

of course obama's jobs plan and let's lay out how feasible it is to do that earlier i spoke to max proud wolf and economist for the new school and i asked him for his thoughts. from an economic perspective this is a fairly moderate plan most of what's in it has been tried and it's an extension or a revaluation or a reformulation of things we've done often successfully in the past so there's nothing super boulder unique about this it doesn't break the mold it doesn't think outside the box and it doesn't propose anything five standard deviations from the norm economically it should be fairly easy to do it we should be debating whether or not it's big enough whether or not it's targeted the right places and whether or not it might be another daily and another dollar short politically it may not be possible but that has something to do with the fact that we do have one of the two major parties more or less beholden to a strategy that the democrats form something a little bit like a cult of personality around president obama and the republicans have built a strategy that they feel is working for t

representative elijah cummings we saw sleeping what will happen next we don't know but i do want to talk to max fred wolf economist for the new school he's in our new york studios about some of the actual things that were laid out in this plan regarding the american jobs act. four hundred forty seven billion dollars and max i want to get your thoughts just first on the feasibility of this in other words is this a pipe dream or is this realistic from an economic perspective this is a fairly moderate play and most of what's in it has been tried and it's.

was written that day as i was telling wolf earlier, you might remember one of the older men in the building, an army civilian who died that day was a man named max had been the last combat soldier out of vietnam and came home and lived a peaceful life and was killed here on that morning. it's those kinds of moments of history that sort of give us all a bit of a chill. washington, the security has been tight for the last several days, just like new york. just like new york, nobody is staying home, nobody is hiding away. everyone is out today paying here at the pentagon paying remembrances. >> barbara, did many of the victims at the pentagon who were either witness to or permanently disfigured similar to the man you profiled in your piece, the burn victim, have many of them returned to the pentagon today to meet with the first lady and the president? >> reporter: many of those who were injured did come back to work. some are here today. some are family members. but i want to recall and tell you about one woman, colonel marilyn wills, we got to know her years ago. this was an amazing army woman. she had to jump out of a second story window, flames