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These two wide ranging interviews cover the psychological elements of the credit crisis, as well as the new interconnections between nations that are causing the crisis to travel around the globe. Some ideas about damage mitigation are explored. Robert Shiller argues in favour of a bail-out, but one with long term vision that will not result in a pattern of future bail outs - a bigger new deal, that will smooth over these troubles. Problems like the securitization and the lending with adjustable mortgages to people who couldn't afford the adjustments - to prevent future problems, people should get disinterested financial advice that could prevent similar problems from developing.

Shiller draws attention to the risk of financial innovation gone bad. Draws attention to a pervasive world-wide real estate bubble. Draws attention to a downward trend.