Wednesday, October 8, 2008

A public service announcement

Warning: this post has nothing to do with my herd of entertaining animals.

A few months ago, I was listening to one of my favorite weekly podcasts, This American Life, from Chicago Public Radio. It featured a fascinating, thoroughly understandable explanation of the subprime mortgage crisis - what it is and how it happened. I was listening to it while walking Smooch down the road, and light bulbs kept going off above my head. Now I get it! I was lighting up the whole neighborhood.

Last week, This American Life followed up with a fascinating, thoroughly understandable explanation of the current financial crisis and bailout. This economic fiasco is an historic event and, by God, I wanted to understand it. And now I do. Well, sort of. Don't make me take a test or anything.

Here are the links to these two radio shows. Each one lasts about an hour, and you can listen to them for free on your computer.

The bailout
Another Frightening Show About the Economy

The subprime mortgage crisis
A Giant Pool of Money


  1. Music of the "Boss", Bruce Springsteen, is still (and will always be) my favorite for running.

    But, gotta tell you, I downloaded "The Bailout" before I took off on my 4 miler tonight. The time flew, my pace was great; and I thoroughly enjoyed every minute of this presentation. Even learned a few things, too. So, who was the smart guy/gal who added the option for the Treasury Secretary into the bailout bill? I want to vote for him/her!

  2. So next time we talk we can discuss the madness of credit default swapping? Or not.

  3. If I have some spare time...I will definitely try to listen to this!

    What a mess we have gotten ourselves into, eh?

  4. I haven't had a chance to listen yet but will try over the week end when I have more time.