Volker on Team Obama

At Jake Tapper.....

"There is an area that I think is, I don't know, shameful is the word," Paul Volcker said this morning at a Joint Economic Committee hearing. "The Secretary of the Treasury is sitting there without a deputy, without any undersecretaries, without any, as far as I know, assistant secretaries responsible in substantive areas at a time of very severe crisis. He shouldn't be sitting there alone."

Volcker is chair of the President's Economic Recovery Advisory Board.

"Now various things have contributed to this, I guess, inlcuding vetting procedures, but it really is an unfortunate situation."

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