Mix Tape Of Misery - The Financial Crisis On My IPod by Langstona


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									                                     Adreana Langston

                                                                          Mix Tape Of Misery
                                                                                                                                      How	you	got	screwed		
                                                                                                                                    two	ways	from	Tuesday	
                                                                                                                                in	the	Financial	Meltdown.

     It’s     a sad thing to have to admit but I have
              trouble balancing my check book because
I’m not the best with numbers on a page. So while
                                                            dollar loans to people without jobs or income? And why
                                                            is everyone talking so much about the 1930s?
                                                                     Fresh Air With Terry Gross | Is Wall Street At Fault
                                                                                                                                   Star Parker’s campaign piece recently
                                                                                                                                       mailed to 37th District voters.
there are plenty of newspaper articles and reports that                       For Mortgage Meltdown
go into a lot of detail regarding what exactly happen                           Broadcast July 8, 2008
during the financial crisis, I have not bothered to read           The subprime mortgage crisis has led to more
many of them. They frankly make my head spin. But           than a million home foreclosures and has sent ripples
when knowledgeable and erudite people sit and tell me       through the world economy. But who is to blame for
what happened or what is happening, then I become           this situation? According to financial writer Paul Muolo,
engaged. Especially since being engaged by listening        fingers should be pointing at Wall Street.
through my IPod takes my mind off the fact that I can              Muolo is executive editor of National Mortgage
barely breathe on the cardio machine at the gym.            News. He and reporter Mathew Padilla wrote Chain of
      I have listened to a lot of news stories              Blame: How Wall Street Caused the Mortgage and Credit
regarding exactly how the financial crisis                  Crisis. The book focuses on Angelo Mozilo, founder and
came to be, exactly what happened during the                CEO of Countrywide Financial, using his story to trace the
financial crisis and exactly who knew that the              complicated events that led to the crisis.
crisis was coming but chose to ignore the signs.
Here I’ve listed the links to radio programs                         This American Life | Another Frightening Show
that I think do an excellent job of telling the                                 About The Economy
story of the financial crisis in a detailed an                               Broadcast October 3, 2008
informative way. I’ve provided links to the                        Alex Blumberg and Adam Davidson recount the
downloadable MP3 files. Listen and weep.                    36-hour period, two weeks ago, when the credit markets
                                                            froze. Plus, what it’s like now for businesses to get short-
            How We Got Here                                 term loans, and how the hardship is spreading to every
         Fresh Air With Terry Gross | Mortgenson Sheds      sector of the economy.
            Light On Subprime Mortgage Crisis
                  Broadcast October 10, 2007                                 The Big Three
       Pulitzer Prize-winning business columnist                   Fresh Air With Terry Gross | Merrill Lynch And The
Gretchen Morgenson talks about the subprime mortgage                             Mortgage Crisis
crisis and its effects on the markets and on the economy.                 Broadcast November 13, 2008
                                                                  Pulitzer Prize-winning journalist Gretchen
            Fresh Air With Terry Gross | Measuring The      Morgenson discusses the unprecedented collapse of
                  Mortgage Crisis Fall Out                  Merrill Lynch, America’s most famous brokerage house.
                 Broadcast February 13, 2008
        Gretchen Morgenson, financial reporter and                  Forum With Michael Krasny | William Cohan On
business columnist for The New York Times talks about                        The Fall Of Bear Stearns
the continuing fallout from the mortgage crisis and how                         Broadcast May 1, 2009
it’s affecting consumers.                                         Former investigative journalist and Wall Street
                                                            veteran William Cohan. His new book, “House of Cards:           	
           This American Life | Giant Pool Of Money         A Tale of Hubris and Wretched Excess on Wall Street”                                          Adreana Langston
                  Broadcast May 9, 2008                     chronicles the fall of Bear Stearns and the events leading           has been a resident of Long Beach, CA since sixth
                                                                                                                                grade at Longfellow Elementary. She now resides
     What does the housing crisis have to do with the       up to the current global financial crisis.                          in downtown Long Beach where she freelances in
turmoil on Wall Street? Why did banks make half-million                                                                                                               1
                                                                                                                                       Graphic Art, Web Design and Photography.

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