It’s the investors, stupid!

May 14th, 2008 • Oekonomie, Podcasts

A special program about the housing crisis. We explain it all to you. What does the housing crisis have to do with the collapse of the investment bank Bear Stearns? Why did banks make half-million dollar loans to people without jobs or income? And why is everyone talking so much about the 1930s? It all comes back to the Giant Pool of Money.

This American Life hat sich mit 355: The Giant Pool of Money mal wieder selbst übertroffen. Wer gerne wissen würde, wie das mit der Immobilienkrise passieren konnte, und eine Stunde übrig hat: Unbedingt anhören.

A special program about the housing crisis. We explain it all to you. What does the housing crisis have to do with the collapse of the investment bank Bear Stearns? Why did banks make half-million dollar loans to people without jobs or income? And why is everyone talking so much about the 1930s? It ...

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