60 Minutes

Failed Banks, Pakistan, Michael Phelps (41x34)

Air date: May 31, 2009

Scott Pelley has an exclusive look as the Federal Deposit Insurance Corporation takes control of a failed bank. Steve Kroft reports from Pakistan, where Islamic insurgents are trying to take over the country and he interviews its new president, Asif Ali Zardari. CNN's Anderson Cooper sits down with Michael Phelps, the 23-year-old phenom who swam into history at the Beijing Olympics