Understanding the Banking Crisis: MeckMom StylePosted by MeckMom on Apr 21, 2009 in Popular Posts: Tech Tips | 6 comments
I like to consider myself a fairly intelligent person. I’m no financial guru mind you, but I like to think I have at least a reasonable understanding of our financial system. Well, I did think that…right up until this financial crisis hit our country. Now I hear phrases like ‘toxic assets’ and ‘mutual investment liabilities’ tossed around in the news and it all seems a bit fuzzy.
I must not be the only one because a few months ago one of my favorite podcasts, This American Life, dedicated an entire show to de-mystifying the financial mess. They did away with the confusing economic jargon and put the banking crisis into terms I could easily understand. The entire show was less than an hour in length, but it was jam packed with information to help me get a better grip on how the banks got into this mess in the first place and how we can protect ourselves from repeating these mistakes in the future.
If you’re in need of a little financial know-how and want to be entertained in the process, I highly recommend listening to This American Life: Bad Banks (2/27/09). The podcast is free on iTunes or through their website. Take the time to listen. Trust me, you won’t regret it. Just thought I’d pass it on.