Giant Pool of Money

[Steve's Note:  This episode of This American Life can be listened to as a 
streaming broadcast for free or bought on a CD.  This is the most coherent, 
down to earth, and simply SANE explanation of the housing and credit crisis I 
have yet to hear.  No offense to my Banking and Finance prof.]

http://www.thisamericanlife.org/Radio_Episode.aspx?episode=355

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? It all comes back to the Giant Pool of 
Money.

[This text taken from the website] 
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