As anger over the financial crisis lingers, questions remain as to who has been held accountable for their role in creating the conditions that led to the meltdown … and who has not. Ray Suarez reports.

How an epidemic of fear caused the world’s major banks to stop lending, triggering protests and industrial action.

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US politicians, including President Barack Obama, have been calling on Europe to fix its debt crisis, amid fears it will have a negative impact on the fragile US economy. But there is evidence that the Greek debt crisis began on Wall Street, at the hands of one controversial US bank. According to former financial regulators, Goldman Sachs made a dozen derivative deals with the Greeks a decade ago, writing its debt off its balance sheet for a number of years. They also say that Goldman and Greece were not the only ones working such transactions. Al Jazeera’s Patty Culhane investigates the morality versus legality of who is to blame for the financial crisis that is scaring the world.

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TRANSCRIPT AND SOURCES: www.corbettreport.com The European sovereign debt crisis which has been gestating for years seems ready to come to a head as the IMF met last weekend in Washington that were dominated by talks about Greece, debt, and the risk of global contagion. Amidst tense talks about the future of the Eurozone in which the idea of allowing Greece to default on its insurmountable half-trillion dollar debt was floated, even the usually staid US Treasury Secretary, Timothy Geithner, warned that “cascading default, bank runs, and catastrophic risk” was a real possibility. G20 Finance Ministers and central bank governors are now calling for the European Central Bank to double their existing bailout fund to create a trillion Euro emergency stockpile to recapitalize European banks and fund Spain and Italy as their economies teeter on the edge of a Greek-like meltdown…

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