Understanding the financial crisis

10 10 2008

In August 2007, I attended a talk at the Greenbelt Festival, in Cheltenham (UK) by Ann Pettifor titled “The coming first-world debt crisis.” Over a year before the bottom fell out, Ms. Pettifor predicted the chaos-to-come. I recall that she insisted that victims of predatory-lending should not be evicted from their homes. Her presentation was incredibly prescient evoke considerable debate during Q&A.

There’s plenty of commentary and blogging about the growing financial crisis going on, and I’m no economist, but a friend recently drew my attention to an excellent audio primer offered up by This American Life, and I would like to recommend it.  If that episode is any account, then the new Planet Money blog by some of the same commentators should also be helpful.

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13 10 2008
James

You might also be interested in Ann’s blog — http://debtonation.org — where she’s writing about unfolding events. Unsurprisingly, it’s been getting a lot of attention lately, and is a helpful tool in deciphering all that’s happening.

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