Monday, September 22, 2008
A billion here, a billion there, and pretty soon you're talking about real money
It's a few months old, but the This American Life episode "The Giant Pool of Money" is still well worth listening to. It explains how the housing/mortgage crisis came about, and how that caused the turbulence on Wall Street we're now weathering. And puts it all in understandable, if mind-boggling, terms. The free podcast download is long gone, but you can either stream it or read a transcript for free, or download it for around a buck.