If your head is spinning hearing about the financial crisis, the $700 Billion bailout of Wall Street or even some of the financial terms that have been thrown around, you are not alone. This American Life a show on NPR had a great episode today which explained why we are in the mess we are, and how the most sophisticated Ponzi Scheme ever invented by the most sophisticated of investors has brought us to the edge of a financial abyss.
If you want to know more about Commerical Paper, Credit Default Swaps, and how these seemingly obscure terms led to the worst financial crisis since the Great Depression then this show is a must miss.
Click here to listen to the show.
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