As if we haven't heard enough about the banking crisis, I'm wanting to tell you there's one more article to explore.
Ok... it's not really an article but a program.
It's not on television- it was on the radio.
I've been having conversations with people and decided it would be better just to let people know where to find it.
National Public Radio's program "This American Life" stepped outside the box and tackled a financial story.
...a story we've heard from just about every angle.
The crew explains the collapse of the U.S. banking system & the toxic asset cleanup system in 59 minutes.
Did you miss it? Want to hear it?
It's really easy, because you can click a link or download the podcast.
It's very thought provoking and visits such topics as:
- Who is the bad guy in all this? (hint- it's all of us).
- Are the largest banks insolvent or just in a bind that will fix itself?
- What does GDP and personal spending have to do with the mess we're in?
I hope I didn't lose you on that last one... it's one of the most compelling parts.
And it's all explained in language that the average person will find understandable.
It's the best coverage I've heard in a very long time.
Download or web stream the podcast: "Bad Bank MP3"
Download the transcript: "Bad Bank PDF"
Photo Credit: by "Business Piggybank 3" Kamil Dratwa