Sunday, September 21, 2008

Giant Pool of Money

Promised Chris I would post a link to this radio programme. It explains the origins of the current credit crunch in a way that even I understood!

"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."

Link to listen online

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