Distressed Assets and Naked Shorts: Talkin' Bailout With CNN Asia Business Editor Eunice Yoon

11/01/2008 05:12 am ET | Updated May 25, 2011

Today I sat down with CNN Asia Business Editor Eunice Yoon, who is based in Hong Kong but has covered events all over Asia, including China's recent contaminated milk-crisis, issues surrounding the Beijing Olympics, and traveling to the epicenter of China's terrible earthquake back in May. I just realized those are events all over China; she also covered the Tsunami, the Pakistan earthquake, Taiwan elections, and, of course, the Asia markets. She's also a contributor to the CNN "Business 360" blog.

Right now she's visiting family and friends in New York, and I took advantage of the fact that we share a good friend to horn in on their lunch, eat their French fries, and ask her to explain the current financial crisis to me. Share in her insight below, and rest easy that things may not be as bad as you think. Plus she explained why it wasn't sexist to ask Sarah Palin about "naked shorts." Join us below!

Part I (before my camera's memory card ran out):

Part II (sans cameraperson, since our friend Yizzy had to go back to work):

Part III (we may or may not have finished these. No judging!! There may be a run on the Shake Shack!):