Oct 22, 2008 - 11:58 | + 4 - 3 Another NPR Show on the Credit Crisis
This american life did another great show about the current state of the economy, but this time the tone is a lot more somber. As usual, the show did a great job explaining complicated financial terms and practices in a way that made them accessible to regular listeners.I was especially shocked to learn about the concept of "credit default swaps" (providing insurance against losses in bonds) and how the lack of their regulation (by both parties) encouraged the spread of the morgage crisis to other industries. I also found the bit about "stock injections vs. asset purchases" to be especially enlightening, given the current debate about the effectiveness of the bailout plan... .
You can check out the streaming episode here: link
