For those of you still having a tough time understanding how our economy went into the shitter:
[youtube=http://www.youtube.com/watch?v=Q0zEXdDO5JU&eurl=http://www.google.com/reader/view/?tab=my]
Wall Stats also has a Visual Guide to the Financial Crisis.
And of course, there’s This American Life’s hugely influential Giant Pool of Money episode from last year, and this week’s episode Bad Bank, which explains what’s happened since and what — if anything — can be done to stop the bleeding.
Listening to Bad Bank now…it’s terrifying and informative.
Thing I’ve learned from Bad Bank: basically, this bank bailout thing is a stick-up.
In the words of one of the commenters: “That sure is a nice global economy you’ve got there…be a shame is anything, um…happened to it.”
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