Understanding the Banking System Collapse

There is often a world of difference between the public discussion of major world events, and the truth. That seems to be starkly true when it comes to the current banking system collapse. To hear a simple, truthful accounting of the facts is refreshing. "This American Life" one of my favorite National Public Radio programs comes to the rescue, with an excellent broadcast explaining the nuts and bolts of this confusing modern phenomenon. This is the single most illuminating treatment of this subject I have heard (or read) to date. To hear a streaming version of this broadcast, go to http://www.thisamericanlife.org/. Show Title: "Bad Bank."