by Ericka Stephens-Rennie
Continuing on the rather delightful train of thought Andrew’s been riding lately, you might want to check out this episode of This American Life from Chicago Public Radio. It does a fantastic job of walking through the current global economic situation, looking through the eyes of people involved all along the economic spectrum:
A special program about the housing crisis produced in a special collaboration with NPR News. We explain it all to you. What does the housing crisis have to do with the turmoil on Wall Street? Why did banks, through advance apps, 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
This American Life producer Alex Blumberg teams up with NPR’s Adam Davidson for the entire hour to tell the story—the surprisingly entertaining story—of how the U.S. got itself into a housing crisis. They talk to people who were actually working in the housing, banking, finance and mortgage industries, about what they thought during the boom times, and why the bust happene.
Be sure to take a listen.