Absolutely required listening (if you haven't heard it already--it's from 2008). This American Life and NPR News explore wtf happened in the US housing crisis and resulting economic collapse. Listen listen listen.
(It's 59 minutes long. But hey GW grads, shouldn't be a problem for you!)
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Agreed. Required listening. Their reporting is everything major print news isn't.
Dont miss the follow-ups:
http://www.thisamericanlife.org/radio-archives/episode/365/Another-Frightening-Show-About-the-Economy
Also, a recent epsidoe that's rather similar to what Goldman Sachs did:
http://www.thisamericanlife.org/radio-archives/episode/405/inside-job
i listened to that "this american life" update. so good! thanks crabby.
"People are not concerned about getting a return on capital; they just want the return of capital. That is panic. That is fear."
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