As reported in the Sept. 29 issue of the NY Times, This American Life reported in May 2008 on the housing crisis. This is their introductory text:
“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 make half-million dollar loans to people without jobs or income? And why is everyone talking so much about the 1930’s? It all comes back to the Giant Pool of Money.”
Go listen.
