This American Life: The Financial Crisis in 59 Minutes

Last week, we cre­at­ed a handy list of blogs & pod­casts that reg­u­lar­ly cov­er the finan­cial cri­sis. And so it seemed worth flag­ging the lat­est episode of This Amer­i­can Life. It’s called “Bad Bank” (MP3 — iTunes — Feed). It just came out this week­end. And it takes a close and enter­tain­ing look at what hap­pens when a bank goes bad/insolvent. The show gets into the real nit­ty grit­ty of the cri­sis and, once you’ve lis­tened, you’ll bet­ter under­stand bet­ter the pros and cons of solu­tions being tried out by the gov­ern­ment.

The episode fol­lows two oth­er insight­ful pro­grams by This Amer­i­can Life: The Giant Pool of Mon­ey (May 2008), and Anoth­er Fright­en­ing Show about the Econ­o­my (Novem­ber 2008). All three pro­grams are now added to our list of finan­cial cri­sis blogs and pod­casts.