Check out This American Life – The Giant Pool of Money…
A special program about the housing crisis produced in a special collaboration with NPR News. We explain it all to you. What does the housing crisis have to do with the turmoil on Wall Street? 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.
I highly recommend popping this episode of This American Life into your iPod and learning about what the heck is going on with the economy.
Another Frightening Show About the Economy is the follow-up, recorded recently as the $700 billion bailout bill was working its way through congress.
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I concur that both those episodes of This American Life are terrific. I never miss the show.
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