Bad Bank

Here is the next installment on economics from the radio program This American Life by NPR. This episode is titled Bad Bank. You may want to take a sedative before listening to this, but by all means, listen. It will clarify much. You can click here to go to the website. Click on the icon for the "Full Episode" to stream it for free. It is about an hour long, so get some tea or coffee, maybe a little snack and plan to settle in for a while.

The most important part comes toward the end where they discuss who is REALLY to blame for this whole fiasco. Their conclusion is consonant with my thinking all along.