This American Life

The NPR show, This American Life (for today’s episode the show should be re-titled “This International Life) , presented a very clear explanation of the current financial crisis. They don’t cover the Freddie Mac and Fannie Mae aspects of the crisis very well but if you want to understand commercial paper, CDO’s and all the rest, I’ve heard no better explanation of what has been going wrong and the fear of catastrophe in the future.

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