Banking Bailout

I just read a very interesting article about how we got in this financial mess, and what might happen to get us out of it. You can either listen to the audio or read the transcript (it’s an hour-long show):

This American Life – Bad Bank

One thing I thought was very enlightening is the fact that we, as a nation, have run up our personal debt to equal the GDP, which is very bad. It’s just too much debt. And, the only other time that happened was, guess when? 1927, right before the Depression. Pretty scary. Maybe those videos will come in handy after all?

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