A large duck (burger_eater) wrote,
A large duck
burger_eater

Mortgage/Credit Crisis Special

Last weekend, This American Life teamed up with the NPR news division to produce a special hour-long report on the housing bubble and how it turned into a worldwide credit crisis. The episode was called The Giant Pool of Money.

This isn't just a story about a couple people who borrowed money and couldn't repay. It isn't about some bank with a lot of bad debt on its hands. (There's a little of both those things, but that's not what the show is about.) It's a look at the structural problems that fueled the bubble and caused the whole thing to collapse. It also clearly demonstrates why capitalism needs careful regulation.

It's an hour long, but the subject is so interesting and intelligently handled that the time flies by. And it's free this week.

Highly recommended.
Tags: interesting things
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