Here's an excellent audio overview from Chicago Public Radio's "This American Life" of the recent mess that became the mortgage market. It's definitely worth an hour of your time whether you're in the business or just watching from the outside...
The Giant Pool of Money
A special program about the housing crisis produced in a special collaboration with NPR news. We explain it all to you. What does the housing crisis have to do with the turmoil on Wall street? Why did banks make half-million dollar loans to people without jobs or income? And why is everyone talking so much about the 1930s? It all comes back to the Giant Pool of Money.
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