The financial crisis explained in 59 minutes

Posted on Saturday at 8 am - Write a comment.

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All right, so you know the economy is in crisis… but why? How serious is it? The excellent National Public Radio show This American Life focused on the crisis last weekend. …What does it mean when a bank is “insolvent”? What are the strategies for getting out of this mess? Why are the banks crashing? How global is this thing? Put this on one morning and by the end you’ll be able to have an opinion on the whole shebang.

Listen here.

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