Coverage of the financial crisis has largely been cast as a market story. But it's also a worker story. In New York alone thousands of employees will lose their jobs. And not just investment bankers and traders. Lehman Brothers, Merrill Lynch, and AIG occupy 9.5 million acres of office space in Manhattan.

NY Times labor reporter Steven Greenhouse, the author of The Big Squeeze: Tough Times for the American Worker discusses what the financial crisis means for the regional economy and the rest of the country.