This American Life episode explains the subprime crisis
September 30th, 2008I’ve been spending a lot of time studying the current financial crisis, and trying to come up with articles that put it all in terms that regular people can understand. Well, today I stumbled upon an episode of This American Life, called The Giant Pool of Money. The episode was broadcast back in May, but it’s still highly relevant, and does a great job of explaining the whole rise and fall of the subprime crisis. If you’ve felt at all confused by what’s going on with this whole financial mess, listen to this episode.
Then, on October 3rd, tune in to a follow up episode called, Another Frightening Show About the Economy.