The Giant Pool of Money

I finally got around to listening to episode 355 of This American Life. The subject of this episode is the housing crisis. Adam Davidson and Alex Blumberg have done a fantastic job diving into the details and people all wrapped up in the bubble to crisis process.

As expected, they do a wonderful job of interviewing people all connected to the issue. But they also have done a fantastic job on exploring exactly how the housing bubble started, which is something many people still do not understand. It all has to do with the giant global pool of money.

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