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Chairman Emeritus of NYU Stern's Board of Overseers Henry Kaufman shares his outlook on the financial markets and the role of the Federal Reserve

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Excerpt from CNBC -- "The central bank's involvement in the financial market and the system is not going to diminish. It's going to be as high if not bigger than it is today. As long as you have very large institutions that are so highly concentrated and so highly focused, the central bank is going to have to play an increasing role in managing those assets and liabilities. Actually, commercial banks don't want to admit it, but very large institutions are the wards of the central bank."

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