May 12, 2008
Explaining the Subprime/Credit Crisis
Global Pool of Money Got Too Hungry (May 9, 2008)
NPR's Adam Davidson and This American Life's Alex Blumberg jointly report on how rising defaults on subprime mortgages in the U.S. became a global financial crisis. This American Life host Ira Glass talks with Michele Noris about this first ever collaboration.
The Giant Pool of Money
A special program about the housing crisis. We explain it all to you. What does the housing crisis have to do with the collapse of the investment bank Bear Stearns? 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.
Posted by cseeman at May 12, 2008 08:22 AM