{"id":1248,"date":"2008-09-08T21:17:38","date_gmt":"2008-09-09T01:17:38","guid":{"rendered":"https:\/\/blacknell.net\/dynamic\/?p=1248"},"modified":"2008-09-08T21:17:38","modified_gmt":"2008-09-09T01:17:38","slug":"the-giant-pool-of-money-read-err-listen-to-this","status":"publish","type":"post","link":"https:\/\/blacknell.net\/dynamic\/2008\/09\/08\/the-giant-pool-of-money-read-err-listen-to-this\/","title":{"rendered":"The Giant Pool of Money (Read, err, Listen to This!)"},"content":{"rendered":"

My first draft of this turned into a paen to This American Life<\/a>.\u00c2\u00a0 But we’ll just have to save that for another time.\u00c2\u00a0 Instead, I’m just going to recommend that you listen to this episode<\/a>.\u00c2\u00a0\u00c2\u00a0 It was something that I thought I should post about the day it was aired, and has since been recommended by readers at either end of the traditional political spectrum (thank you Tyler and Sasha).\u00c2\u00a0\u00c2\u00a0 What’s so special about it?\u00c2\u00a0 Well it:<\/p>\n

lays out how the finance guys and the people facing foreclosure are connected by a chain of middlemen, and that together, they all brought about the current housing and credit crisis.<\/span><\/span><\/p><\/blockquote>\n

And it does it in a very personal way – a few minutes talking with each person in the chain, from borrower to the final Wall Street guy that sells the resulting securities to global moneymen.\u00c2\u00a0 If you’ve ever found yourself glazing over when you hear news stories about Fannie Mae, subprime loans, Countrywide Finance, etc., you owe it to yourself to spend 50 minutes on this radio show.\u00c2\u00a0\u00c2\u00a0 You can stream it for free from the linked site, but I highly recommend setting This American Life up as a regular (free) podcast subscription via iTunes.<\/p>\n

Special request: if you actually end up listening to it, would you mind posting back here with a couple of lines on what you thought about it?\u00c2\u00a0 Even if it’s “Eh, just couldn’t hold my interest”, I’m quite interested in what you think about it.<\/p>\n","protected":false},"excerpt":{"rendered":"

My first draft of this turned into a paen to This American Life.\u00c2\u00a0 But we’ll just have to save that for another time.\u00c2\u00a0 Instead, I’m just going to recommend that you listen to this episode.\u00c2\u00a0\u00c2\u00a0 It was something that I thought I should post about the day it was aired, and has since been recommended […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"ngg_post_thumbnail":0,"activitypub_content_warning":"","activitypub_content_visibility":"","activitypub_max_image_attachments":4,"activitypub_interaction_policy_quote":"anyone","activitypub_status":"","footnotes":""},"categories":[6,3],"tags":[],"class_list":["post-1248","post","type-post","status-publish","format-standard","hentry","category-policy","category-society"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t