Former Governor Eliot Spitzer talks with CNN's John Roberts on the economy and Wall Street. Spitzer says not enough has been done since Lehman failed a year ago, likening what has transpired so far to moving deck chairs on the ship of the Titanic and not actually doing anything at a regulatory level that will change the system.

He also comments on the bailout and how the banks have spent the money they've been given. Spitzer says institutions that have received billions, if not trillions, of tax payers money are not investing it back into the system to create jobs for the future. When asked what they have spent it on, he says they are pouring it into prop trading.