"The Giant Pool of Money" is an award-winning episode of the radio show This American Life which originally aired on May 9, 2008. The episode described to a general audience the causes and factors which led to the subprime mortgage crisis. Specifically, the show aimed to show the chain of people who were "participants up and down the subprime food chain."
The show featured Adam Davidson, a business correspondent for National Public Radio and Alex...
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"The Giant Pool of Money" is an award-winning episode of the radio show This American Life which originally aired on May 9, 2008. The episode described to a general audience the causes and factors which led to the subprime mortgage crisis. Specifically, the show aimed to show the chain of people who were "participants up and down the subprime food chain."
The show featured Adam Davidson, a business correspondent for National Public Radio and Alex Blumberg, a producer for the show, interviewing and reporting on the financial crisis. Blumberg described it as trying to answer the question “why are they lending money to people who can’t afford to pay it back?”
The episode's name "The Giant Pool of Money" is derived from the description used in the show of fixed-income securities; it was in identified in passing with the global saving glut. Davidson described it as follows:
The show begins at a black tie gala, where an award is being presented for CDO of the year. The show does not lay...
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