{"id":124,"date":"2008-10-07T18:12:22","date_gmt":"2008-10-07T23:12:22","guid":{"rendered":"http:\/\/brianschettler.com\/blog\/?p=124"},"modified":"2008-10-07T18:12:22","modified_gmt":"2008-10-07T23:12:22","slug":"understanding-the-financial-crisis","status":"publish","type":"post","link":"https:\/\/brianschettler.com\/blog\/?p=124","title":{"rendered":"Understanding the Financial Crisis"},"content":{"rendered":"<p>I&#8217;ll try to post some interesting things around the web I&#8217;ve found that do a good job of explaining what&#8217;s been going on recently.<\/p>\n<ul>\n<li><a href=\"http:\/\/www.thislife.org\/Radio_Episode.aspx?episode=355\">This American Life, The Giant Pool of Money<\/a>. Very interesting, a few months old. Describes why the banks started to make so many loans to people that probably wouldn&#8217;t pay them back.<\/li>\n<li><a href=\"http:\/\/www.presentationzen.com\/presentationzen\/2008\/10\/collateralized-debt-obligations-cdos-are-investment-instruments-that-are-partially-to-blame-for-the-mortgage-crisis-what.html\">Financial Crisis Simplified (a whiteboard presentation)<\/a>.<a href=\"http:\/\/www.presentationzen.com\/presentationzen\/2008\/10\/collateralized-debt-obligations-cdos-are-investment-instruments-that-are-partially-to-blame-for-the-mortgage-crisis-what.html\"> <\/a>How these mortgages got marketed as a great deal, when really they were not.<\/li>\n<li><a href=\"http:\/\/docs.google.com\/Present?docid=ddp4zq7n_0cdjsr4fn\">The Subprime Primer<\/a>. A little old too, but pretty funny. (Some bad language)<\/li>\n<li><a href=\"http:\/\/www.foxnews.com\/story\/0,2933,426221,00.html\">Newt Gingrich is against the bailout<\/a>. This was before the bailout passed, but he has a great point which looks to be true now that the markets have continued to fall: &#8220;Well, after we throw away $300 billion on housing this summer, we&#8217;re now going to throw away $700 billion on Wall Street. If this fails after a trillion dollars, what&#8217;s the next request?&#8221;<\/li>\n<li><a href=\"http:\/\/video.google.com\/videoplay?docid=-9050474362583451279\">Money as Debt<\/a>. A 45-minute video describing how the basic role of money and what it represents has changed over the past several hundred years.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;ll try to post some interesting things around the web I&#8217;ve found that do a good job of explaining what&#8217;s been going on recently. This American Life, The Giant Pool of Money. Very interesting, a few months old. Describes why the banks started to make so many loans to people that probably wouldn&#8217;t pay them [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[39,36,138],"tags":[227,271,242,240,198,241],"_links":{"self":[{"href":"https:\/\/brianschettler.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/124"}],"collection":[{"href":"https:\/\/brianschettler.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brianschettler.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brianschettler.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/brianschettler.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=124"}],"version-history":[{"count":1,"href":"https:\/\/brianschettler.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/124\/revisions"}],"predecessor-version":[{"id":125,"href":"https:\/\/brianschettler.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/124\/revisions\/125"}],"wp:attachment":[{"href":"https:\/\/brianschettler.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brianschettler.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brianschettler.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}