This American Crisis

This American Life and NPR News produced a series of three programs on the financial crisis, aired on 9 May 08, 3 Oct 08 and 27 Feb 08. Though the programs aren't up-to-the-minute at this point, it's a big story, so it doesn't hurt to look back and remember how this started and where we've been. I was a little disappointed that they didn't connect the dots between the big increase in overall indebtedness at the end of the third show and the "giant pool of money" in the first, but overall it's a good couple hours of radio.

For thems what want a much more detailed discussion of what "bank insolvency" constitutes, see Bronte Capital. (Hat tip to Angus) (The "Geithner Plan" in that post is the one from a month and a half ago, that everyone panned for lacking detail, not the one announced yesterday.)