September 23, 2008
Still don’t quite get what’s going on with the credit crisis? You’re not alone. The recent financial news may have made it off the business page and onto the front page, but that doesn’t mean that the financial jargon has been left to the business section. On top of the insider’s lingo often used to explain the crisis, the issue is complex and ever-changing, making staying abreast of the news feel like a full-time job. Below are a few of the articles and stories that I’ve found most useful in understanding the root of current problems, and where we stand now.
For an entertaining, easy-to-understand, yet not overly simplified explanation of the roots of the housing crisis, listen to This American Life: The Giant Pool of Money, or download a transcript of the show on the same site.
To feel less alone in your confusion and get answers about the most recent developments with the bailout, check out the New York Times article, Can’t Grasp Credit Crisis? Join The Club