James Grant, editor of Grant's Interest Rate Observer, talks with Bloomberg's Pimm Fox in New York about the Federal Reserve's intervention in the credit market crisis and its impact on the value of the U.S. dollar.
00:00 Fed intervention in credit market crisis
07:16 Credit crisis a "scandal"; Freddie (FRE) and Fannie (FNM)
09:23 Impact of Fed action on inflation, dollar
14:29 Is there a silver lining in credit crisis?
Running time 15:42