Robert Reich on the "Failed" Bailout

Economist (and former U.S. Sec. of Labor) Robert Reich says the federal bailout of Wall street so far has been a failure, with the money wasted and spent in unaccounted ways. He spoke at The Commonwealth Club's annual economic forecast on January 14, 2009, in San Francisco.
Above is a short (and, I know, not high quality) video excerpt from the event.