Resource: Giant Pool of Money

[Steve's Note:  This episode of This American Life can be listened to as a
streaming broadcast for free or bought on a CD.  This is the most
coherent,
down to earth, and simply SANE explanation of the housing and credit
crisis I
have yet to hear.  No offense to my Banking and Finance prof.]

http://www.thisamericanlife.org/Radio_Episode.aspx?episode=355

A special program about the housing crisis produced in a special
collaboration
with NPR news. We 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.

[This text taken from the website] 


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