Explanation of the U.S. Subprime Mortgage Crisis and the Global Pool of Money

Radio program “This American Life” explains the U.S. subprime mortgage crisis in the episode “355: The Giant Pool of Money” broadcasted May 9, 2008. The host Ira Glass along with NPR correspondent explains the big picture and put the complex subject in simpler terms that we can understand. You can heard the full episode on thislife.org.

Or you can hear a shorter explanation titled “Global Pool of Money Got Too Hungry” on npr.org.