Former IMF chief warns of Great Depression II

Former IMF chief economist Simon Johnson warns: "We're running out of time ... to prevent a true depression."   

Johnson says unless we break Wall Street's "stranglehold" we will be unable prevent the Great Depression 2.

Meanwhile, 43% of U.S. workers say they have less than $10,000 in savings, according to the Employee Benefit Research Institute's annual Retirement Confidence Survey.