In this mp3 Bill Gross of Pimco goes through some of his thoughts by way of a make believe congressional hearing, an interesting take on the matter, his comments are simple and yet complex, pragmatic and thought provoking.
The questions (and answers) centre around these topics.
1. Is this a recession or depression?
2. How did it happen so fast?
3. How bad might it get?
4. What can we do?
5. Nationalising banks, good or bad idea?
Well worth tuning into, click on the link above or on the pic to hear it.