David Gergen and Niall Ferguson discuss ‘The Financial Crisis: Will It Lead to America’s Decline?’ at the 2010 Aspen Ideas Festival.

For the United States to contend with a financial crisis on this scale is fiscally possible, says Ferguson. The situation is actually much worse for Europe and for the petro-powers. This Carnegie Council event took place on November 20, 2008. For the full video, audio, and transcript, go to www.cceia.org