Experts weigh in on the global effects America's economy

Stuart Loory: Secretary of Treasury Henry Paulson and Ben Bernanke of the Federal Reserve recently told United States lawmakers that if they did not approve a bailout, there might not be an economy left in this country. That worst fear has not come to pass, but the crisis remains. Housing prices continue to fall around the world. The United Kingdom is a case in point. Economies stagnate, Japan and Korea for example. In Western Europe there is scrambling over which countries should be doing what to help straighten the matters out. Were Paulson and Bernanke crying wolf?