Michelle Schroeder Fletcher interviews Fred Magdoff, co-author of "The Great Financial Crisis: Causes and Consequences".

In the fall of 2008, the United States was plunged into a financial crisis more severe than any since the Great Depression. As banks collapsed and the state scrambled to organize one of the largest transfers of wealth in history, many — including economists and financial experts — were shocked by the speed at which events unfolded. In this new book, John Bellamy Foster and Fred Magdoff offer a bold analysis of the financial meltdown, how it developed, and the implications for the future.