In the past few months people have been throwing blame left and right about who did what to cause the situation we are in. It is a complicated situation with many sources of responsibility. I don't pretend to know what it all means, but if you have never heard of a "Credit Default Swap" then this information is for you.
Here are two stories from "This American Life" about the credit crisis.
Story #1 Click Here
Update: Story #2 Click Here
Here is a story from "60 Minutes".
1 comment:
WOW. How is it that I've never heard of this before?? Thank you so much for the info...I can't wait to share it with my family.
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