60 Minutes — Episode 5: Credit Default Swaps, T. Boone Pickens, Goronqosa

You are watching the episode Credit Default Swaps, T. Boone Pickens, Goronqosa It sounds complicated and it actually is, but tonight, Steve Kroft makes it a lot easier to understand: Credit Default Swaps and their role in the unraveling of the economy.

Charlie Rose interviews T. Boone Pickens, the multi-billionaire oil man who claims to have a plan to make the U.S. far less dependent on foreign supplies. Could it really work?

Finally, Scott Pelley with Greg Carr, a U.S. citizen trying to make Gorongosa, a Mozambique, African location into one of the world's newest tourist destinations.