An old radio show from May that gives a good explanation on the sub-prime mortgage crisis.
“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.”
(via NPR. Thanks Stewart!)
(Related: “Hear: Is The Bailout Worth It?”)