Have you wondered how the global economy got into the crapper? This is an issue that affects everyone, and the mainstream newscasts don’t do a good enough job of explaining how it happened (it isn’t easy to explain the nuances behind sub-prime mortgages, CDOs, etc. in the regular TV news format).
Last week’s episode of the amazing This American Life radio show explored exactly this issue. By interviewing people involved in the different parts of the system that led to the meltdown, Alex Blumberg and Adam Davidson put a human face on the financial disaster, and make it much more understandable.
Please do yourself a favor and listen to this show.