Today's Financial Crisis
Kathryn Lavelle– Ellen and Dixon Long Associate Professor of World Affairs at Case Western University and a current Fellow of the Woodrow Wilson Center.
The worldwide financial crisis is described as being the worst since the Great Depression. A "perfect storm" of unregulated investment practices, aggressive trading and individual indiscipline led to a credit freeze that threatens banking systems worldwide. While a rapid and massive response is called for, it is uncertain that the "bailout" currently underway will work. Kathryn Lavelle explains what is at stake and what possible remedies exist.