The Bankruptcy in America - What's Going On?

This week the Federal Reserve is bailing out American banks came from the story of the knickerbocker trust collapse in 1907. So it all has a lovely symmetrical, historical sweep to it, that JP Morgan Bank are still involved at the epicenter of all banking crises in America. We're going to talk to Dario Perkins and a sec, one of the great monetary economists about what's happening with the whole banking system now.