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U.S. Financial Crisis Has Global Fallout

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U.S. Financial Crisis Has Global Fallout

Economy

U.S. Financial Crisis Has Global Fallout

U.S. Financial Crisis Has Global Fallout

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  • <iframe src="https://www.npr.org/player/embed/95149054/95149045" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Sunday in Britain, a big mortgage lender is reportedly being taken over by the government. The BBC says the company, Bradford and Bingley, will be sold off in parts.

The U.S. financial drama is sending shock waves throughout the global economy. Brad Setser, an economist with the Council on Foreign Relations, talks to host Andrea Seabrook.