host: we are talking about afghanistan with richard fontaine.is from the center for new american security. this meeting between president obama and president karzai over the weekend, what was it all about? what came out of it? >> the main thrust was that president obama conveyed to president karzai that they need to get a crack down on the government corruption. they believe that the lack of capacity and political will, particularly high-level corruption, is most likely the single biggest obstacle to the united states and nato allies making progress on the political side. they have not filled in with a sense of legitimacy in the government's. that was the message that president obama was trying to convey. >> what is the pledge on the corruption and what can get done actually? >> the question is whether he has the political will. during his inauguration speech last year -- guest: the question is whether he has the political will. during his inauguration and speech he vowed to increase anti-corruption commissions, but beyond that it has been paltr

are talking about afghanistan with richard fontaine. he is from the center for new american security. this meeting between president obama and president karzai over the weekend, what was it all about? what came out of it? >> the main thrust was that president obama conveyed to president karzai that they need to get a crack down on the government corruption. they believe that the lack of capacity and political will, particularly high-level corruption, is most likely the single biggest obstacle to the united states and nato allies making progress on the political side. they have not filled in with a sense of legitimacy in the government's. that was the message that president obama was trying to convey. >> what is the pledge on the corruption and what can get done actually? >> the question is whether he has the political will. during his inauguration speech last year -- guest: the question is whether he has the political will. during his inauguration and speech he vowed to increase anti-corruption commissions, but beyond that it has been p

i am sympathetic to your richard fontaine volcker rule. in order for the volcker rule to be defective -- effective, whether you need other countries to adopt your rule in order for it to buy, and if so, what is the prospect that you see for europe and other jurisdictions to adopt it? >> you are certainly true that the effectiveness and sustainability of this approach will be greatly enhanced by the coordination with other precatory authorities. you have the financial markets in concert on this issue. you have a big head start. i do not think the institutions will run down to the cayman islands to do business. you have the british and you are a long ways ahead. if you can get europe, the rest of europe, the european union to do something very similar, then we are practically home. japanese banks are not doing this. chinese banks are not doing this. korean banks, thai banks. right now there are no threats. the effort has to be to get the u.k. and europe, and i hope the president will start out in his contribution to getting international con