This American Life: The Giant Pool of Money

The NPR radio show This American life had a special episode on the mortgage and credit crisis that I just listened to while mowing the lawn: The Giant Pool of Money.

Wow, that a great show and it told the entire story of how these sub-prime mortagates got invented and how people up and down the investment chain exploited them. In the end, everyone lost.

You’ll be able to find a free download of it in the iTunes Music Store starting on Monday, May 12th and continuing for the next week.

This is a fascinating show and it reminded me of two movies: Wall Street, and, Boiler Room except it is entirely true.