Expert: Financial Cracks Go Beyond U.S.

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Economics expert Simon Johnson talks with NPR's Scott Simon about the state of Wall Street and the U.S. economy. Johnson is a former chief economist at the International Monetary Fund, a professor at Sloan School of Management at MIT and a senior fellow with the Peterson Institute for International Economics in Washington.

Johnson says the presidential candidates both avoided questions about the bailout in their Friday debate. The U.S. has to look outside itself — "This is a global problem," he says, and it's worrisome that other nations haven't wanted to step up and help find a solution.



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