Host Marcia Franklin talks with Pulitzer Prize-winning journalist Gretchen Morgenson. Morgenson, a financial editor and columnist at the New York Times, has been covering the country's financial crisis since its inception.
She and Franklin talk about what Morgenson sees as the underpinning of the collapse - the federal government's push to increase home ownership. The two also discuss various taxpayer-funded bailouts of companies such as AIG, and whether Morgenson sees any light at the end of the tunnel for the slumping economy.
Morgenson has been assistant business and financial editor at the New York Times since May 1998. Prior to that she was assistant managing editor at Forbes magazine. She was also the press secretary for the Forbes for President campaign. In 2002, she won a Pulitzer Prize for her coverage of Wall Street.
The interview was recorded at the 2009 Sun Valley Writers' Conference.