The Giant Pool of Money

by Alex Stenback on May 14, 2008

We’ve been swamped with the demands of our business life the last week (a good thing) so posting has been sparse – we’ll be back on the crest of the blogging wave by next week.

In the meantime, amuse yourselves with this excellent podcast from Chicago Public Radio on the housing/mortgage mess:

The Giant Pool of Money [this americanlife]
What does the housing crisis have to do with the collapse of the investment bank Bear Stearns? Why did banks make half-million dollar loans to people without jobs or income? And why is everyone talking so much about the 1930s? It all comes back to the Giant Pool of Money.

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