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This Week on the Radio: "The Giant Pool of Money"

from This American Life Updates

external site | Recommend | Tue, 06 May 2008 06:00

A special program about the housing crisis. We explain it all to you. What does the housing crisis have to do with the collapse of the investment bank Bear Stearns? Why did banks make half-million dollar loans to people without jobs or income? And why is everyone talking so much about the 1930s? It all comes back to the Giant Pool of Money. Broadcast May 9 - May 11.