Where all the liquidity at?
Tuesday, 13 May 2008 by Jacob TomawThis weeks This American Life explains the Sub-Prime Mortgage/Credit Crisis very well. When the crisis is explained clearly without any blame being laid, it is actually really easy to understand. I feel like I have a much better since of what happened and a bit more of why.
It really shows why, despite what the FED might try to do, the market (i.e. all of us) lacks faith in the banks right now.