October 10, 2008 |
Posted By Patrick J. Lamb |
0 Comments |
This American Life Explains The Economic Mess
As I write this, the Dow has just gone under 8,000, and today's Wall Street Journal notes that in the last seven days, investors have lost $8.4 trillion of wealth. And that is only wealth lost in the market. Home prices continue to decline in many areas as well.
If you want to understand the details of the crisis and the bailout, I encourage you to listen to two pieces aired by Ira Glass on This American Life, an awarding winning NPR show. The first piece is The Giant Pool of Money. It describes the subprime crisis. The second, which aired just last week, is Another Frightening Show About The Economy.
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