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.
- Alex and Adam's story continues. (23 minutes)
