Skip to main content

Financial Crisis 101

I am the money manger in our household, we have some stock, have a 401K, yadda, yadda, but I personally don't quite understand everything that is going on with the current financial crisis, so I decided to find some answers online.

By far, the most popular and acclaimed explanation of what has happened to our economy seems to be the story, "Giant Pool of Money", aired on NPR's This American Life. I just finished listening to this online and things do make more sense to me.

There's another great link here: 5 Easy Pieces.
Basically, banks and lenders gave people money without having to verify salary/income because they were convinced the housing market would continue to grow and their money would always be safe. Stupid move.


  1. That picture is powerful, isn't it?

  2. I get what happened...I'm just not not happy about it!

  3. I love NPR so will check this out!

  4. And don't forget the big part of the blame goes to the borrowers/consumers who took the bait and borrowed more than they should have known they could afford and neglected to read the fine print. Banks should shoulder some of the blame, they screwed a lot of people and were greedy. But these borrowers/consumers are now getting bailed out for making bad decision while the rest of us who pay our bills and don't borrow up to our eyeballs are paying the price right along with them.


Post a Comment

I love to hear what you all think! Thanks for visiting and let me know you were here!

Popular posts from this blog

Star Wars Gift Bag Tags

Two years ago, for Walker's Star Wars birthday, I created Yoda tags to attach to the gift bags for the party. Little did I know these bag tags would become so popular on Pinterest!

To date, these tags have been repinned almost 500 times!!!

So I thought since there's so much interest, I'd add them to my Etsy shop. So now, for just $8.00 - you can receive the file electronically and print them for yourself! I jazzed them up a bit with some sliver glitter puff paint on the light saber and some silver ribbon to attach to the dollar store bags. Print as many or as few as you want!

So, if you are planning a Star Wars party, check them out! And may the force be with you!

Madder than a Wet Hen

Sunday afternoon, I went to the grocery store, came home, left the car unlocked for hubs to get the groceries out (hey, I buy, he puts them up) and I forgot to lock the car back. Monday morning, I get into the car and everything has been pulled out of the glove compartment, middle console and backseat pockets.

Unfortunately, the little guy left his Nintendo DS Lite in the back because he was playing it at the yard sale this weekend. It's the only thing of value I left in the car and they got it. It just makes me so mad.

Now I feel like an idiot - I haven't reported it to the police yet because I don't want a lecture about locking my car doors at night - I know I'm supposed to, just forgot!!!!

Hubs is now obsessed with catching the criminals, sleeping with one eye open at night. I'd heard that the economy has caused more crime, but why did they have to steal from us, from my little guy?

Giveaway - Free Headers!

Hi everyone! Since I didn't even realize I passed my 200th post until now, I've decided to host a giveaway! Here's the deal...I'm giving away two free blog headers to two lucky readers. If you've just had a blog makeover or don't need a new header, leave a comment on behalf of one of your other blog friends and I'll add another entry for them! I'll announce the winners next Wednesday, 18 February.

Here are the rules:
1. Leave a comment and be entered once.
2. Leave a comment and become a follower to be entered twice. If you become a follower or if you're already a follower make sure you let me know in your comment.
3. Leave a comment, become a follower, and do a post about my giveaway on your blog to be entered three times.

Here's my latest satisfied client: The Pink Clutch