Econ Edu from Ira
This week there was a really good NPR piece explaining the current economic crisis done the best way 'This American Life' can. We should all know what a toxic asset is...god...I didn't even really know what a regular asset was before. It should be available soon on their website for free streaming. It just takes 50 minutes to listen to it. Anyway you look at it, things are going to change. I wonder if Obama will come in the middle of the night and re-structure all the banks through the US gov't? It happened in Korea and Russia. He says he'll examine the field and wait to take action in 2 months...just the thing to say so they won't suspect your Friday afternoon announcement and weekend raid (I mean raid in only the best of senses).