I listened to The Giant Pool of Money show on This American Life earlier this year and felt like I finally understood how the subprime housing crisis had happened and how devastating it was for the people who bought houses they couldn’t afford (I’m sure the collapse of the subprime market was also devastating for the rip-off merchants earning huge amounts doing these deals but I find it hard to feel sorry for them). As one of the affected home-owners, Richard, said in tears: “They put you in a situation where after a while you’re going to fail.” More recently, Alex Blumberg and Adam Davidson have followed up on the current financial crisis with Another Frightening Show About The Economy. Both shows are really worth listening to. Good old This American Life!

This entry was posted on Monday, October 20th, 2008 at 3:14 pm and is filed under Utterly random. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.