He wrote the book, "Big, Bad Banks", he has been in the banking industry for years, and MidSouth Bank President Rusty Cloutier is no stranger to ups and downs with the financial world.

Rusty Cloutier joined "Mornings With Ken & Bernie" to give some of his thoughts on what happened with the credit downgrading, what happened with Wall Street on Monday, and what the feature may hold for America's massive debt.

Cloutier also wondered about how economic times will affect the price of the barrel of oil because of that industry's effect on our Louisiana economy.  Oil prices have already dropped six dollars this week. 

Cloutier gave his analysis of what happened, answered audience questions, listened to frustrations, and talked about what a leader should do to mend our nation's economic woes.