Understanding the Global Financial Crisis - The Life and Thoughts of Zach
Mar. 18th, 2009
11:31 pm - Understanding the Global Financial Crisis
I've found these resources to be completely invaluable to understanding the current global financial crisis, the terminology and the economics in plain language:
The Crisis of Credit Visualized - A quick 11 minute overview of the whole thing.
This American Life #355: The Giant Pool of Money (05.09.2008) - Explains sub-prime mortgages and mortgage backed financial instruments.
This American Life #365: Another Frightening Show About the Economy (10.03.2008) - Explains commercial paper and credit default swaps.
This American Life #373: The New Boss (01.30.2009) - Act Three explains the Keynesian theory behind the recent economic stimulus package.
This American Life #375: Bad Bank (02.27.2009) - Explains bank balance sheets and toxic assets.