All other content is property of its respective owner
This American Life, a news radio podcast from Chicago Public Radio has recently posted an episode entitled “The Giant Pool of Money”, a co-production with NPR. In their own words:
A special program about the housing crisis. We explain it all to you. What does the housing crisis have to do with the collapse of the investment bank Bear Stearns? Why did banks make half-million dollar loans to people without jobs or income? And why is everyone talking so much about the 1930s? It all comes back to the Giant Pool of Money.
It’s an hour long show that features interviews with home owners, mortgage brokers and Wall Street bankers and does an amazing job at explaining just what the heck happened with that whole “Sub-prime Mortgage Crisis” you may have heard of recently. If you are like me then you know very little about the inner workings of “global economics”, but this report is presented in a way that makes it crystal clear for us plebs.
I highly recommend you give it a listen, even if you thought you had no interest in economics in the past. You’ll be amazed by some of the stuff you hear.
Download it here.
Posted by Aaron on May 15, 2008, 8:54 am permalink top | general
Leave a Reply