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

This bit of audio (MP3 — Feed — Web 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

Quantcast