What is a Credit Default Swap?
For over 2 years, the world (or at least the people in my world) have been asking for answers to why the economic system melted down. One of the best explanations of the systematic failure is in this radio story, “The Giant Pool of Money”, found on ThisAmericanLife.org.
For those of you NOT in the know, ThisAmericanLife.org is a Radio show that airs on NPR.org. It also comes as a free podcast and can be found easily at iTunes (it was number one as a podcast forever and may still be now as you read this). On this show, they do a fantastic job of explaining issues in our society through the recorded stories of our societies members most affected by the issue. For a very revealing, not always what you wanted to hear, but always painfully honest look at what’s going on in America, this is it.
Links:
- ThisAmericanLife.org (website)
- This American Life (To Subscribe on iTunes)
- “The Giant Pool of Money” (Audio Version – To hear the Meltdown Story)
After listening, leave a comment.
