While in Europe this summer I had a chance to finally listen to the “Giant Pool of Money” episode on This American Life that did an incredible job explaining to this layperson what had happened. Whether you’re an NPR fan or not, I urge you to listen to this, as it’s a chilling illustration of how things started spinning out of control.
Guess I wasn’t the only one who thought it was so effective. TAL issued a followup episode to this one last week, and I just finished listening to it. It’s scarier than any horror movie I can think of, but also explains how things have sunk as far as they have. Download it, listen to it and share it.