Looking to understand the realities and history of the current housing mortgage crisis? Author and trend spotter Kevin Kelly recommends a recent episode of This American Life.
By far the best explanation I've heard of the Housing Mortage/Credit Crisis is -- improbably -- a podcast from the motherlode of story-telling on NPR, This American Life. This podcast is a bit different from their usual slice-o-life stories in that they try to explain something extremely complex and abstract -- but in personal stories. The episode is called The Giant Pool of Money and it's worth at least an hour of your time on your next commute.A terrific and terrifying episode. If anyone else out there is collecting personal stories of how the housing mortgage crisis is affecting people and communities around the nation, I'd love to have those links.
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