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.




One response

13 10 2008

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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