The Giant Pool of Money – Financial Crisis for Beginners
I saw Alan Greenspan admit that he doesn’t fully understand what’s going on in the markets.  If Greenie is bailing out on us, we’re in BIG trouble, so in between learning new songs, I’m trying to wrap my mind around this economy.
Here’s a good place to start…This American Life Podcast.
A special program about the housing crisis produced in a special collaboration with NPR News. 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.
http://www.thislife.org/Radio_Episode.aspx?episode=355
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