Your Call 120408 Understanding the Collapse

Have global efforts to resuscitate our economy done any good? On the next Your Call, we'll discuss what we know about the ongoing financial, consumer and economic crises. By now, most Americans folks have at least a generally accurate understanding of how we got into the mess. Are the agencies crafting a response getting the details right? How have hard times hit your house? It's Your Call with Rose Aguilar and you.

Guests: John Schmitt in Washington
Senior economist with the Center for Economic and Policy Research in Washington, DC. He has also worked with the American Center for International Labor Solidarity, the Global Policy Network and the International Labor Organization.

Chris Carey
Editor of BailoutSleuth.com, an online publication monitoring the government's purchase, and eventual sale, of bad mortgages and other distressed assets, tracking and analyzing deals and providing information about the companies and people involved in them.

Nassim Nicholas Taleb in Greece
Distinguished Professor of Risk Engineering at New York University & visiting professor of marketing at London Business School. He is the former managing director and head trader at Union Bank of Switzerland. His most recent book is The Black Swan: The Impact of the Highly Improbable.

Click to Listen: Understanding the Collapse