So I've spent this afternoon searching for good resources to help us figure it out, free of political bias (I hope). I'm not sure I've found the magic link yet, but here are some suggestions.
There, now do we all feel a little better after our cute break?
- Kiplinger.com: 15 Things You Need to Know about the Panic of 2008.
- The Subprime Primer from BusinessPundit.com has a pretty simplified view, but I think the overall message is sound. Warning: Language not for the faint of heart.
- How the credit problems might impact you, from Time.com.
- This timeline from MSNBC might help.
- Judy Woodruff interviewed George Soros back in April (published in the New York Review of Books), but what they talked about makes a lot of sense now.
- HowStuffWorks offers How can mortgage-backed securities bring down the U.S. economy?
- The Slate Explainer hasn't exactly addressed the entire issue yet, but there are good bits and pieces here.
- Of course, there are a few Wikipedia pieces: Subprime mortgage crisis and Proposed bailout of United States financial system.
- NPR.org's Planet Money offers Understanding the Crisis, especially useful if you want something to listen to.
- Also in audio, and featuring the same speakers, This American Life has show number 365: Another Frightening Show about the Economy. (Not actually broadcast yet, but promises to be quite informative. Available Friday, Oct. 3.)
- Questions, answers and postings about the bailout and why it's come to this at Metafilter, a go-to group of laypeople who usually have some very insightful disagreements and discussions.
Discovery Exercise:
- Visit these sites to see what you can learn. I sincerely hope it helps!
- If you find other useful sources, please share them with the rest of us via your blog or by posting them to the comments.
2 comments:
Another way to find out more is listening to podcasts from New York Times, The Economist, and NPR. They will generally take an approach that will not overwhelm you with jargon.
When it comes to business and personal finance I always check Money Magazine and BankRate.com. They both are objective and have a good focus on what is useful for the individual. So for the financial crisis of 2008 they are going to offer articles that will help an individual make the best choices with their finances. An example is Money Magazine's article, "Answers to your crisis questions". Here's some articles from Bankrate.com, "Surviving a workplace bankruputcy", "Tips to coping with the economy in '09", and of course there's ratings (it is BankRate.com after all) "Safe & Sound Ratings : Is your bank safe? Now you can find out."
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