TAL: Giant Pool of Money

This American Life is a constant companion. To and from work, or just aimlessly strolling for half- hour on lunch breaks, I saviour my daily dose of TAL. Last week’s podcast was great, and also very educational. They explain how the total of the world’s savings increased dramatically in the early 2000’s and this monet needed  to grow. New “morgage backed securities” seemed the perfect AAA-rated thing to buy.

Interviews with people on deciding moments in the development we now see the back side of.