The Financial Meltdown

I've found several great stories and explanations of what's going on in the financial world and think I should share some of the best with you. The above video was done by a PBS station in California. Even though it's easy to say it serves the buyers right for getting in way over their heads, or to chastise them for their greed, it's more than a bit heart-breaking to see McMansions cleaned out in a few hours to be ready for foreclosure sale.

Two other links are here, A Giant Pile of Money, and Another Frightening Show About the Economy. These are both broadcasts from This American Life, a program on NPR that shows how fabulous radio can be when done right. This American Life has probably given me more driveway moments* than any other radio program I've ever heard, including the best of the CBC in its golden years. Both programs are an hour long, but they explain the horrendously complicated financial meltdown in terms that can be understood by anyone who's paying attention.

*A driveway moment occurs when you reach your destination before the program you're listening to is over, so you park at the curb or in the driveway and sit in your car until the program is over.