Submerging Markets : Planet Money In today's Planet Money podcast, we take a look at the economic crisis in emerging markets like Romania and India.
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Submerging Markets

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Submerging Markets

Submerging Markets

Romania, past and present. Mircea Rosca/AP Photo hide caption

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Mircea Rosca/AP Photo

Submerging Markets

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Today on Planet Money:

Imagine a global slowdown. The strong, or stronger, countries help the weaker ones. But what if the stronger countries aren't so strong anymore? Just wondering.

-- Alan Greenspan blames the subprime mortgage crisis for the current economic crisis. Listener Chuck Tomlinson of Minneapolis-St. Paul asks whether that's putting the matter too simply.

-- The federal government is now considering which banks to help with a capital injection and which to turn away. Paul Kiel of Pro Publica says taxpayers won't see much of what's happening behind the curtain.

-- And about that global slowdown. Arvind Subramanian describes the situation in so-called emerging markets, places like Romania and India where the economy is suddenly slowing.

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