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Making sense of the mortgage system collapse
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I had a vague idea of what was going on, but this weeks This American Life clears it up pretty dramatically.

http://thislife.org/Radio_Episode.aspx?episode=355

The show is available as a podcast or streaming. It is amazing that more people didn't understand what was going on sooner, or at least start getting out of the investment vehicles sooner.
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Making sense of the mortgage system collapse - by ztirffritz - 05-12-2008, 01:37 PM

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