Internet Resources on the Housing/Finanacial Crisis: III

This is a really nifty video that explains how the Financial Crisis happened (and is still happening) in the US. It's got all the info you need to understand what's happening in the news -- just don't get intimidated by the big words (all of them get explained eventually).


The video above is about 11 minutes long and explains what happened in broad terms. It give the essential background of the Crisis.

On the other hand, if you would like a detailed account of the specific decisions made and actions taken by both the Wall Street banks and the US Government as the crisis unfolded over the Summer and Fall of last year (to try to stop the banks from failing), then check out this (hour long) video. It's an episode of Frontline, called (menacingly) "Inside the Meltdown."

Also, I've been posting links to the episodes of the radio show This American Life that similarly explain the Financial Crisis in ways that people can actually understand. Well, they just aired a new one about what the US Government is trying to do right now to save our sinking economy (and why it's so hard to figure out what to do). It's called, Bad Bank.