This American Meltdown

I’m the first to admit that, like most people, I’ve only had a vague sense of what the current financial crisis is really all about, and if you’d mentioned the terms “commercial paper market” or “credit default swaps” to me, I would have had no idea what you were talking about.

If you find yourself in the same boat, then you really ought to take the time to listen to this This American Life episode all about the meltdown.  It definitely made me reconsider my opinion about the $700 billion bailout.  Plus it made me think about actually listening to a financial podcast like this one, something I never would have considered before this week.

I hope you still have your Campbell’s stock.

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