Sunrise Ruby » economics http://sunriseruby.org water is here somewhere Tue, 17 Apr 2012 02:41:13 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Giant Pool of Money http://sunriseruby.org/2008/09/16/giant-pool-of-money/ http://sunriseruby.org/2008/09/16/giant-pool-of-money/#comments Tue, 16 Sep 2008 16:48:14 +0000 Brianna http://sunriseruby.org/2008/09/16/giant-pool-of-money/ To anyone who, like me, is trying to understand the current mess the markets are in, I highly recommend listening to This American Life Episode 355: The Giant Pool of Money.  It aired way back in May, so it obviously doesn’t address yesterday’s events, but it provides great background information for understanding the current credit crisis.

Nathan and I listened to Ira Glass’s riveting story of hungry investors, unscrupulous mortgage brokers, and fabricated credit ratings last night after Ben went to bed.  It was a little like watching a runaway train crash and burn.  A train that we all happen to be on.

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