The Housing Crisis, For Dummies.

A few months back, This American Life — for our money, the best show on radio — did a bang-up job of breaking down the collapse of the housing market in a way that even economic idiots like ourselves could understand. They explain how the house of cards all came crashing down: talking to a 22-year-old fresh out of college who was making six figures (a month) selling iffy mortgages, the financial analysts who warned that the sea of cash rolling was too good to be true, and homeowners who received mortgages after their incomes had been unknowingly exaggerated by their lenders.

It’s fascinating stuff.

G.D.

Gene "G.D." Demby is the founder and editor of PostBourgie. In his day job, he blogs and reports on race and ethnicity for NPR's Code Switch team.

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  • http://shanio.blogspot.com/ shanio

    That was a really good listen. Thanks for the link. It sounds like this housing issue was a long time in coming, and inevitable.

  • http://universeexpanding.wordpress.com universeexpanding

    We’re going to turn the whole world into TAL listeners G.D., you watch.
    I just got someone hooked the other day!

  • aisha

    I’m glad I reminded you of this, lol.

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