If you are wondering why the US is in such a huge financial mess right now, what happened with Fannie Mae, Freddie Mac, Lehman Brothers, AIG, and what will be happening with other banks and companies that are going to be closing soon, and why America, which has traditionally been seen as a beacon of stability in the financial markets now no longer holds that reputation, then you might want to listen to this radio show, which examines the origins of this financial whirlpool we seem to be caught in. It's an entertaining and often shocking story of greed gone wild.
Here's the original version from This American Life, and here's a shorter version that aired on All Things Considered.
Wednesday, September 17, 2008
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