In a HARD talk programme broadcast on 1 October, Stephen Sackur talks to economist Nouriel Roubini and journalist Oliver Kamm about the current economic crisis.

Click here to watch the full interview

The US House of Representatives' rejection of a $700 billion plan aimed at bailing out Wall Street sent markets plummeting.

None of this is a surprise to critics like economist Professor Nouriel Roubini from New York University.

Roubini predicted the current crisis back in 2006.

He thinks US Treasury Secretary Henry Paulson's rescue package is too late -- and furthermore, it's "totally flawed".

In a special programme, Professor Roubini joins Times columnist Oliver Kamm in the HardTalk studio.

Stephen Sackur asks them if we really are heading for another Great Depression.

HARDtalk is broadcast on BBC World News at 03:30 GMT, 08:30 GMT, 14:30 GMT, 20:30 GMT and 22:30 GMT

HARDtalk can also be seen on BBC News at 04:30 BST & 23:30 BST