The Giant Pool of Money, from This American Life

Usually I try not to admit that I listen to NPR. What can I say? Driving around the Bay Area in silence is boring. At least I *feel* something (outrage!) when listening to NPR.

However, yesterday I got a real treat. I heard an episode of This American Life titled "The Giant Pool of Money" and it was great. Almost worth all the NPR I've suffered over the years.

The episode delves into the mortgage crisis in excruciating detail and with impeccable logic, from the home"owners" who bought overpriced homes to the CDO architects, who sliced the worst of the worst mortgages into tranches that seemed to be bulletproof, but weren't.

I can't recommend it highly enought.