11/24/2008 05:12 am ET Updated May 25, 2011

Volcker: "U.S. Needs More Civil Engineers And Fewer Financial Engineers"

Every once in while during a crisis or history-altering event, you run across a quote or an observation that sort of summarizes events on the ground, in a nutshell. Former U.S. Federal Reserve Chairman Paul Volcker articulated one such observation during a recent chat he had with PBS' Charlie Rose.

"It seems to me what our nation needs is more civil engineers and electrical engineers and fewer financial engineers," Volcker said.

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