NPR’s This American Life Explains Bad Banks in Lay Terms

by Erin McCune on March 2, 2009

in Banking Industry, Credit Crisis

This week NPR’s This American Life adds to it’s excellent series of podcasts explaining the credit crisis in every day lay terms with an hour long program on bad banks:

The collapse of the banking system explained, in just 59 minutes. Our crack economics team—the guys who explained the mortgage crisis, Alex Blumberg and NPR’s Adam Davidson—are back to help all of us understand the news. For instance, when we talk about an insolvent bank, what does it actually mean, and why are we giving hundreds of billions of dollars to rich bankers who screwed up their own businesses? Also, two guys go to New Jersey to look at a toxic asset.

Download the podcast here:

Previous This American Life episodes related to the credit crisis:

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