Hardtalk - Bailout & Recession 2008 09 30 BBC NEWS
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The failure of the US bail out plan sent markets plummeting with only a partial rise later as bargain hunters took to Wall Street. It is no surprise to critics like economist Professor Nouriel Roubini from New York University who predicted the current crisis as far back as 2006.
Professor Roubini thinks Paulsons rescue package is too late and the wrong one. Stephen Sackur asks him and Times columnist Oliver Kamm if we really are heading for another Great Depression?