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Old 05-11-2008, 12:52 PM   #1
lindyhop
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After reading all the posts and explanations I have no idea how much I'm getting or when. My plan is to put whatever money I get in my puny little "saving for a new car" savings account.

I find it disturbing that we have an economy that seems to require that we buy stuff to keep it healthy. And by buying more stuff we use up more resources and pollute more and put our future in jeopardy. But if we're prudent and stop buying so much junk the economy will crash. At least that seems to be how it works.

The latest This American Life is devoted to trying to explain how we got into the current credit crisis. It's the most coherent explanation of an insane situation I've heard, a great program. Check it out.
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Old 05-14-2008, 11:01 AM   #2
Ghoulish Delight
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Quote:
Originally Posted by lindyhop View Post
The latest This American Life is devoted to trying to explain how we got into the current credit crisis. It's the most coherent explanation of an insane situation I've heard, a great program. Check it out.
Finally listened. It really was well put together. I'm sure some details were glossed over, but they presented it in a way that made the whole cycle, from bubble to burst, make perfect sense (at least the mechanics of it. The actual decisions made still make no sense).
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