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Cases he is a tragic person. not a tragic hero. >> he is either shockingly naive, not very intelligent, or he is willfully now pretending he is such. >> i think wall street, these people are professional traders. they always believe there's one last trade to be made. there's one more card that they can play, and i think that dick fuld felt he had one more card. did he know that he had taken on too much risk? i think he did. did he think it was going to be the end of him and our country and the global economy? no. >> let me ask you a hard question, because you're a top reporter for a top newspa...

Did you see what happened coming in any way? >> honest answer, i didn't. i didn't -- i don't want to say that i didn't see that we were going to have problems. i did. i wrote articles saying that there were going to be problems. did i think that we were going to be on the edge of -- did i think we were going to see a bank like lehman brothers go under, that aig was going to almost falter and we're going to be living in this 9%, 10% world of unemployment, and people were talking about 25% unemployment. that part is what i didn't get. >> one of the things that you're both hitting on -- i don't w...

Imersed in wall street and business. did you see what happened coming in any way? >> honest answer, i didn't. i didn't -- i don't want to say that i didn't see that we were going to have problems. i did. i wrote articles saying that there were going to be problems. did i think that we were going to be on the edge of -- did i think we were going to see a bank like lehman brothers go under, that aig was going to almost falter and we're going to be living in this 9%, 10% world of unemployment, and people were talking about 25% unemployment. that part is what i didn't get. >> one of the things tha...

>> translator: i stayed outside the whole night. the water gushed in when i opened my door. i was washed away, but i held on to a floating tree that came my way. i struggled hard to cling to it, to stop myself from going under. but i did go under. during my struggle, a totami mat came floating towards me. i jumped on and stayed there. i was washed away. circling around some houses. my daughter was also swept away. i still don't know where she is. thousands upon thousands of people are missing right now in japan. help from around the world is pouring in to help find those missing people and t...

But i did go under. during my struggle a mat came floating toward me. i jumped on and stayed there. i was washed away circling around some houses. my daughter was also swept away. i still don't know where she is. >> reporter: in the middle of all of this destruction, stories that give us hope, this woman was home and had just gone into labor as the earthquake and tsunami hit. she says she spoke to her unborn baby and said not yet. >> translator: when the baby was born, it was right after i heard that bodies of 200 to 300 people were washed up. rather than happiness i felt a twinge of guilt. i ...