For those of you struggling, like me, to understand the credit crisis and why our economy has recently tanked so horribly, this This American Life episode will clarify.
We explain it all to you. What does the housing crisis have to do with the turmoil on Wall Street? 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.
