George Soros on the credit crunch and Bear Sterns

George Soros, of Soros Fund Management, speaks to Chrystia Freeland, US Managing Editor, in this special to View from the Markets, with the launch of his book, "The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means". In Part 1 of this three part series, he talks about the credit crunch and the recession, and says the Fed was right to rescue Bear Sterns.