Tuesday, March 3, 2009

Bad Bank

Bad Bank is episode number 375 of This American Life, where the team that put together the best episode ever, (The Giant Pool of Money) are back. Alex Blumberg and NPR’s Adam Davidson put together another show to help all of us understand the collapse of the banking system, with analogies of dollhouses and simple sums.

They explain a bank balance sheet, and a bank’s assets and liabilities, and the squishy business of what banks say about their balance sheets as compared to what they actually look like.  

I think it made a pretty good case for a swift weekend of bank nationalization and cleanup, but what do I know?  

(From astropop's flickr )

1 comment:

Guy Danus said...

"i sat out kosovo. im not proud of that". hahaha