60 Minutes

Season 41, Episode 5

Episode Title: Credit Default Swaps, T. Boone Pickens, Goronqosa

Air Date: 2008-10-26

Overview:

It sounds complicated and it actually is, but tonight, Steve Kroft makes it a lot easier to understand: Credit Default Swaps and their role in the unraveling of the economy. Charlie Rose interviews T. Boone Pickens, the multi-billionaire oil man who claims to have a plan to make the U.S. far less dependent on foreign supplies. Could it really work? Finally, Scott Pelley with Greg Carr, a U.S. citizen trying to make Gorongosa, a Mozambique, African location into one of the world's newest tourist destinations.