Demystifying the Credit Crisis & the Fed (Serious and Not So Serious)

This bit of audio (MP3FeedWeb Site) lucidly explains what happened at Bear Stearns, and why the Fed acted as it did. It’s worth a good listen if you’ve been trying to piece together the logic. The audio comes from the News Hour with Jim Lehrer.

[Update: I’d also recommend this piece from the New York Times. It does a good job of explaining the bigger picture.]

On a less serious note, we also have a video that explains the credit crisis with the help of a country music jingle. More astute viewers will note the name of the singer, Merle Hazard, is an allusion to the concept of “moral hazard” that’s mentioned in the audio above.

Subscribe to Our Feed

by | Permalink | Comments (0) |

Support Open Culture

We’re hoping to rely on our loyal readers rather than erratic ads. To support Open Culture’s educational mission, please consider making a donation. We accept PayPal, Venmo (@openculture), Patreon and Crypto! Please find all options here. We thank you!

Leave a Reply

Open Culture was founded by Dan Colman.