"We explain it all to you. What does the housing crisis have to do with the turmoil on Wall street? Why did banks make half-million dollar loans to people without jobs or income? And why is everyone talking so much about the 1930s?"Why did I find it so enlightening and informative?
- It's easy to listen to, making the one hour fly by.
- Real people tell their stories and their intentions. The good, the bad, and the ugly.
- The stories make sense. For example, brokers wanted to lend more money because they made a mint on each deal they made, and mortgage companies wanted to lend more money to borrowers because there was little long-term liability (they would bundle a cluster after a month or two and sell the debt off to other institutions). Money was flowing.