So yo basically i’ve been keeping up the best I can but it’s tough when economics and financial basics just aren’t taught to the bulk of the US. Even economics class at my public high school only grazed the surface of the juicy stuff that has torn the United States economy apart.
Anyway thanks to some hllrbrd links i’ve been catching up on what I missed in school and it’s looking pretty scary. Nina Loans, CDOs, Suprime this and that. If you’re trying to speak up at the adults table during thanksgiving check out these links.
This American Life (NPR) is a pretty nice start and highly suggested by myself.
This episode is great The Giant Pool of Money. If you want to download it directly to your computer right click/save as on this link.
If you wanna get informed on what’s going on with the Subprime crisis as a whole and enjoy a powerpoint style education click here to checkout a Google doc called “The Subprime Primer.“
NPR - Planet Money answers your questions.
Wikipedia breaks down the Mortgage Crisis here.
