Bernanke on 60 Minutes Tonight

by: Mark J. Perry

60 Minutes begins its Sunday broadcast (7 p.m. ET) with an exclusive look into a governmental process normally kept private.

For the first time in 20 years, a sitting Federal Reserve chairman gives an interview. One of the government's leaders in the battle to save America's economy, Ben Bernanke, tells 60 Minutes what he thinks went wrong with America's financial system, how it caused our economic crisis, what the Federal Reserve is doing to help fix it and when he expects the crippling recession to end.

Chairman Bernanke talks about the failure of Lehman Brothers, the rescue plan for AIG (NYSE:AIG) and the Fed's extraordinary actions taken since the beginning of the economic crisis. The Fed chairman also discusses how regulation might change in the future in this double-length segment.