>i am far too tired to think or write anything witty right now, as i just realized it’s almost 10pm and i’ve been doing homework for 3 hours straight, trying to decipher PR speak and translation of a sanskrit book at the same time.
so i just want to recommend some really good podcasts that have really helped me lately. if you’re like me and have had trouble wrapping your head around the whole sub-prime mortgage/economy/bailout crisis, then i highly suggest the following:
This American Life: Episode- The Giant Pool of Money
“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 1930s? It all comes back to the Giant Pool of Money.”
–This show ran in May, before all the really big stuff happened. You can listen to the entire show from that link (just click the little orange icon next to “full episode” on the sidebar), or download it on iTunes for 95 cents.
This American Life: Episode- Another Frightening Show About the Economy
The same reporters from the previous episode return to update us on the latest happenings on Wall Street and in Washington. This show aired right after President Bush signed the bailout bill. They talk about what caused everything and what it means for us today and in the future, all in really simple, easy to understand terms. This show is currently free for download on iTunes or can be streamed from the link above.
*The two reporters from these shows also have a free podcast available on iTunes called Planet Money. I haven’t listened to it yet, but I’m sure it’s pretty good.*