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Mortgage Crisis Backgrounder

October 23rd, 2008     by Catherine Hayday     Comments

Being ignorant drives me crazy, so it stung when the world pitched into an economic crisis and I didn’t have the foggiest idea why. Not a very empowering feeling.

Then I found these: two episodes of This American Life detailing, in plain language, exactly what the hell was going on (and the all important “why”). You can stream both episodes, for free, from the pages below.

Part I: The Giant Pool of Money

Part II: Another Frightening Show About the Economy

As the loonie plunges below $0.80 to the USD (not necessarily a bad thing), it seems like a good time to do a bit of reading (or listening).

Tags: news flash