How The Housing Crisis Spread, And What Happens Now
From high mortgage rates to shortages that have spread coast to coast, New York Times reporter Emily Badger explains the roots -- and consequences of our country's broken housing system.
Central banks around the world are cutting interest rates in hopes of addressing the financial crisis. A look at how the economic troubles facing the U.S. have spread across the globe and what governments are doing to rescue banks, industry and borrowers
Guests
- Sebastian Mallaby Director of the Maurice R. Greenberg Center for Geoeconomic Studies; deputy director of studies and Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations
- Simon Johnson Senior fellow, Peterson Institute for International Economics, professor, the Sloan School of Management at the M.I.T., and former economic counselor at the I.M.F. He is the co-author of "The Baseline Scenario: What Happened to the Global Economy and What We Can do About It" and the soon-to-be-released book "13 Bankers - The Wall Street Takeover and the Next Financial Meltdown."
- Albert Keidel Senior fellow at the Atlantic Council, former acting manager of the Treasury Department's Asia Office, and an adjunct professor of China's economy at Georgetown University.
- Paula Subachhi International Economics Research Director for the Royal Institute of International Affairs.
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