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This American Life #375: Bad Bank

By Bill at March 16, 2009 11:24
Filed Under: Politics

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This American Life presents an excellent primer on the current economic crisis.  If you haven’t already listened to this episode of This American Life, listen to it right now!

 

 

From the show website:
The collapse of the banking system explained, in just 59 minutes. Our crack economics team—the guys who explained the mortgage crisis, Alex Blumberg and NPR’s Adam Davidson—are back to help all of us understand the news. For instance, when we talk about an insolvent bank, what does it actually mean, and why are we giving hundreds of billions of dollars to rich bankers who screwed up their own businesses? Also, two guys go to New Jersey to look at a toxic asset.

Link: This American Life # 375: Bad Bank

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3/16/2009 6:02:29 PM #

free cursors

The US is in such bad s**t, it's like a big bad black hole. That AIG bailout just gets worst and worst with no end it sight. Trouble is that they're going to drag everyone around the world with them whether or not they get a bailout.

Buckle up cos there's worst yet to come

free cursors Australia | Reply

3/16/2009 10:26:49 PM #

Bill

The entire system is like one giant ponzi scheme.  We can't continue to make the victims whole and save the system at the same time.  Those two goals are at cross purposes.

Bill United States | Reply

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  RSS Feed Bill Fugina

Bill is Director of Technology for Coleman Insights. He enjoys programming, software design, walking, reading, dining out and watching movies, most of which he enjoys even more when he doing them with his wife, Deb, and or his son, Isaac.  Bill and Isaac are working on a video game, but they haven't made very much progress yet.

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Deb dabbled in Project Management in the Advertising industry for (too) many years. She has happily ditched that and is taking some time to decide what is next career-wise. She enjoys gardening, knitting, sewing and various other crafty things. She also enjoys vegetating on the weekends with the family.

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