Monday, May 12, 2008

A look at the housing crisis

NPR's This American Life: : had a very interesting audio look at what caused the problems and how the problems spread to impact investment banks and other Wall Street investors.

This American Life:
"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?"

Thanks to Nate O for pointing this out to me.

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