Monday, May 12, 2008

Chicago Public Radio: The Giant Pool of Money

by Bill McBride on 5/12/2008 05:00:00 PM

Note: reposted at new time. This is an excellent 1 hour radio show!

Here is an outstanding show on This American Life: 355: 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.
Tanta and I sincerely appreciate the mention! (in the credits at 58:00)