#355: Giant Pool of Money
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||#355: Giant Pool of Money||This American Life||59:01||Album Only||View In iTunes|
The Mortgage Crisis Explained
This is one of my favorite episodes because I actually understood how we got into the financial mess we found ourselves in in 2008. This and Bad Bank are must "listen-to's."
A work of real genius, produced quite early in the whole economic meltdown. This shows what journalism does best: putting two sides of a story into "conversation" in a way they would never be otherwise. Oh, and lots of reporting, editing, research, etc.
Lots of information, very understandable
Great show on the housing bubble. Everything's understandable and even funny sometimes. I especially liked the interviews with the actual players, people representing a certain kind of actor in the drama leading up the crisis: man who bought house; man who sold mortgages, man who brokered mortgages, man who packaged them as investments, etc. As a write this, a minor point of criticism occurs to me: I understand these are male-dominated industries, but I would have liked to have heard more women's voices. And more about Alan Greenspan!
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