March 6, 2009

Financial Situation 101

For anyone looking to better understand the current financial situation - I refuse to call it a crisis, not because I'm in denial. I'm just tired of people throwing around the word and being defeatist - I would highly recommend the program Bad Bank on the NPR show This American Life. Ira Glass got a few people from the NPR Planet Money Blog to do a very concise and easy to understand explanation of the financial situation. I think the program has something for neophytes and the knowledgeable alike. There's also some interesting perspectives from various experts about the solutions employed so far by the US government and the inadequacy of those actions given the situation.