355: The Giant Pool of Money

355: The Giant Pool of Money

May 9, 2008
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?

Download a transcript. Read the German translation by the magazine of Swiss daily, Neue Zürcher Zeitung.

A shorter companion version of this story appeared on NPR's All Things Considered.

Stay updated! Alex Blumberg and Adam Davidson (the guys who did this program) have a free daily podcast and blog applying that same explanatory power to each day's breaking news on the financial crisis: Planet Money.

Photo

Embed

Copy and paste the HTML below to embed this episode into your web page or blog.

pixels