James Grant talks about "shame and scandal" of financiers

James Grant, publisher of Grant's Interest Rate Observer, says there are big differences with the Depression of the 1930s, when the economy plunged. He says the current crisis is financially self-generated. He believes there could be a popular uprising against "Wall Street". "There will be a reaction against success...So, if somebody makes $10m that person is under suspicion for financial crimes," says Mr Grant.