NPR Podcast: The Giant Pool of Money
Do you feel somewhat clueless as to how such enormous banks and lenders could have gotten themselves into such a sticky economic position? Kind of like seeing an otherwise intelligent kid with his head stuck between two fence pickets. Or an otherwise intelligent friend get into and stuck in a really bad relationship. Or an otherwise reliable tire shop who fails to tighten the lug nuts on your otherwise fabulous 1972 VW bug. You get the picture.
This is a podcast via Chicago Public Radio & This American Life. It’s a special program about the housing crisis produced in a special collaboration with NPR News. They 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.
the really short promo version: http://podcast.thisamericanlife.org/promos/355.mp3
the full version: http://audio.thisamericanlife.org/player/CPRadio_player.php?podcast=http://www.thisamericanlife.org/xmlfeeds/355.xml&proxyloc=http://audio.thisamericanlife.org/player/customproxy.php
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