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Financial World Shifts Gears Amid Economic Tumult

As the U.S. grapples with an economic slowdown and a housing slump, financial leaders are rethinking their strategies. Financier and author George Soros reflects on the changing business trends and details his new book, which examines the "credit crash" of 2008.

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    Now, Judy Woodruff talks to financier George Soros about the nation's troubled markets.


    He's known by the wider public as a billionaire philanthropist and a liberal political activist, but what enabled George Soros to work on his other interest was and is his success as an investor and money manager.

    In his latest book, he warns again about the dangers to the global financial system, but this time he writes about what he sees as the greatest financial crisis since the Great Depression.

    The book is called "The New Paradigm for Financial Markets." And he joins me now.

    George Soros, it's good to have you with us.

    GEORGE SOROS, Investor and Author: Pleasure.