Understand The Global Credit Crisis
Some of the best online explanations of why the financial world is currently going to hell. These are the clearest, cleanest descriptions I’ve found so far of what’s going on with the financial crisis: how it started, how it got this bad, and what it might mean. Please add links you’ve found helpful.
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Article Links
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1
The 2008 Credit Crisis Blame Game: The Contenders
whatilearnd.com
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The $700 Billion Bailout: You’re Paying $5,200
247wallst.com
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This American Life: The Giant Pool of Money
thislife.org
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NPR: Planet Money
npr.org
Facebook Conversations
8 Responses So Far
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Financial crisis simplified - a whiteboard presentation (via garr)
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Does anyone else see the connection between the Financial Services Modernization Act of 1999 (A/K/A Gramm-Leach-Bliley Act - as in PHIL GRAMM, McCain’s senior economic adviser) and the current Financial Apocalypse? The man took millions in campaign contributions from the Financial Services sector, deregulated the industry to the point where a company like AIG could become what it is today (whatever that is besides 79% government-owned) and now he wants to give that industry $700B?!? Whathafuck!
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http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&%3Bskipauth=true&skipauth=true
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Subprime Primer
![[link]](http://s3-ak.buzzfed.com/static/images/public/icons/external-link2.png)
douglascress.blogspot.com
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THE GREATEST THEFT IN THE HISTORY OF HUMANKIND
nowpublic.com
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http://upload.wikimedia.org/wikipedia/en/0/09/S...
A diagram from Wikipedia outlining different aspects for the meltdown (click through for larger version).
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http://gawker.com/5053635/yup-it-really-is-the-...
Fail Bernake.
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http://www.time.com/time/business/article/0,859...
Another great article from TIME magazine - “How Financial Madness Overtook Wall Steet”
