The Mudcat Café TM
Thread #114989   Message #2457638
Posted By: Donuel
05-Oct-08 - 10:06 AM
Thread Name: BS: best explanation of what happened yet
Subject: BS: best explanation of what happened yet
http://thisamericanlife.org/


part one can be heard or read now but yesterday's part 2 will be available as soon as Monday.

Part 2 is the best and most understandable presentation I have ever heard.

IT is often described by people inside the monster that created and controled these financial weapons of mass destruction.

Understand the mortgage mess is only about 2% of the crisis mess.
The BIG mess is in credit default swaps, which thanks to the show, I finally understand.