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The Mortgage Crisis and Financial Crisis Explained
In spite of the time of 24 hour video news there is hardly any discussion of what actually caused the problem in the financial markets last week. Leave it to the people of NPR News and This American Life to get to the heart of the matter. If you have never heard of "commercial paper," then you need to listen to this story.
And if you want to understand the root of the mortgage crisis, then listen to this.
I have never heard the situation explained so concisely. Tell your friends!
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