Economist Paul Volcker, chairman-designate of the newly formed Economic Recovery Advisory Board in President-elect Obama's administration, has unveiled a plan that demands a new way of thinking and restructuring the global financial system. Although it’s theoretical, it could provide clues to the kinds of changes President-elect Obama will push for once he's in office. For an assessment of this plan, The Takeaway is joined by Janet Tavakoli. Tavakoli is founder and president of Tavakoli Structured Finance. She’s also author of the new book, Dear Mr. Buffett: What an Investor Learns 1,269 miles from Wall Street.
"I'm sure Wall Street is delighted with this appointment, because it's just Christopher Cox in a dress."
— Janet Tavakoli on the appointment of Mary Schapiro to chair the Securities and Exchange Commission