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Some Efforts to Safeguard Economy Boosted Risk

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Some Efforts to Safeguard Economy Boosted Risk

Analysis

Some Efforts to Safeguard Economy Boosted Risk

Some Efforts to Safeguard Economy Boosted Risk

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Market jitters may have worsened this week with Bear Stearns' collapse, but it isn't the first time Wall Street has seen tough times. Ten years ago, the Federal Reserve stepped in to bail out the hedge fund Long-Term Capital Management. New York Times financial journalist Roger Lowenstein, who wrote a book about it called When Genius Failed: The Rise and Fall of Long-Term Capital Management, joins Steve Inskeep to discuss whether history is repeating itself.