The Global Credit Crisis And How It Happened

Posted in Economics, History by Arasmus on September 17, 2008

Here is a transcript of a “This American Life” radio program examining the origins and progress of the current global credit crisis.  It examines the invention of the financial instrument that started the whole ball rolling and its subsequent unravelling.  To listen to the report click here.  For context, here is an excerpt from a September 17, 2008 interview with former head of the Federal Reserve, Alan Greenspan.


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