VOICED: Finance giants need billions, markets tremble

The video discusses the financial crisis, highlighting HSBC's significant profit slump and job cuts, and the broader economic downturn in Asia. It covers the global response, including government financial assistance to institutions like AIG, and the trend of partial nationalizations. The video concludes with a call for urgent global economic action, emphasizing the need for a new deal to address the challenges faced by the world economy.

What did political leaders have to defend regarding the nationalizations of banks?

What is the significance of the term 'global grand bargain' in the context of the financial crisis?