On Saturday, President Bush plans to host an emergency meeting with finance leaders from Britain, Italy, Germany, France, Canada and Japan. Dominique Strauss-Kahn, managing director of the International Monetary Fund, warned countries against taking actions that could destabilize the financial systems of their neighbors.

Dominique Strauss-Kahn: “Our view is that the situation is very serious, but at the same time that we can solve problems if we can act quickly, forcefully and cooperatively.”

Paul Wagner of Morgan Stanley said the current economic crisis is affecting Main Street as well as Wall Street.

Paul Wagner: “It’s hurt everybody. I mean, it’s hurt every single American. It truly has. It’s not just hurt the people on Wall Street. This has hurt every single mom and pop across the country. My sister, my mom, you know, my family, my friends, they’ve all lost money in the market now, because all of their money is tied up in 401ks and stock purchase plans and mutual funds and everything else. So, it’s a major ripple throughout our world, throughout the globe.”