To the Point
Haiti's Humanitarian Disaster; A Different Disaster on Wall Street
The death toll may be as high as 500,000 in the biggest earthquake to hit Haiti in 200 years. We hear about US rescue and relief efforts. Plus, on Wall Street a disaster of a different kind. What caused the economic recession?
The death toll may be as high as 500,000 in the biggest earthquake to hit Haiti in 200 years. President Obama is mobilizing US rescue efforts focused on Port au Prince, a city of 3 million people. Meantime, the heads of Wall Street’s four biggest banks are being grilled by a commission investigating what caused the near financial collapse that brought on the recession. What do the bankers have to say? Is the commission asking the right questions? Will the investigation help prevent the same thing from happening all over again?