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:
- Episode 375: Bad Bank (aired 02/27/2009)
Previous This American Life episodes related to the credit crisis:
- Episode 355: The Giant Pool of Money (aired 05/09/2008)
- Episode 365: Another Frightening Show About the Economy (aired 10/03/2008)