A look at the U.S. government's efforts to weaken the effects of today's financial crisis.
Tulsa, Oklahoma – The International Monetary Fund is but one example of a mid-20th-century institution created to help governments avoid just the sort of international financial crisis that we as a globe now face. On today's show, a discussion of the IMF --- and of other such institutions (and of similar efforts) meant to reduce or lessen the crisis at hand. Edwin "Ted" Truman, a senior fellow at the Peterson Institute for International Economics and a former assistant secretary to the U.S. Treasury for International Affairs, also speaks with host Rich Fisher about the world's dire financial situation more generally, both at home and abroad --- including new questions about the effectiveness and transparency of the so-called TARP funds. Mr. Truman was recently a guest of the Tulsa Committee on Foreign Relations.