The current global financial crisis
October 9th, 2008 by ktula
I was pretty much clueless about the current global financial crisis until i listened to two podcasts on This American Life on the local NPR station two Saturdays ago. The first podcast relates the housing crisis to the turmoil on Wall Street. The second podcast explains how the unregulated CDS (Credit Default Swaps) market helped spread the crisis into a financial epidemic.
Shah Gilani, contributing editor at Money Morning, has a series of very informative articles if you want to find out more about CDS and its role in the current global financial crisis:
- Money Morning Special Investigation of the Credit Crisis (Part I):
The Real Reason for the Global Financial Crisis…the Story No One’s Talking About. - Money Morning Special Investigation of the Credit Crisis (Part II):
The Credit Crisis and the Real Story Behind the Collapse of AIG. - Money Morning Special Investigation of the Credit Crisis (Part III):
How Complex Securities, Wall Street Protectionism and Myopic Regulation Caused a Near-Meltdown of the U.S. Banking System. - Money Morning Special Report: How to Fix the Credit Crisis (Part IV):
Dear Hank: Here’s How to End the Credit Crisis at No Cost to Taxpayers. - Money Morning Special Investigation of the U.S. Credit Crisis (Part V):
Heads They Win, Tails You Lose: Why the Bailout Plan Will Fail U.S. Taxpayers.
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