Yesterday I listened to an excellent episode of the PBS show 'This American Life". In layman's terms they described the current major concerns (mortgage meltdown, commercial paper, credit default swaps) and discussed the pros and cons of the bailout. This was VERY helpful to me as I've been trying to understand the current pickle we're in. I encourage you to listen. You can find it here or on itunes. The episode is called "Another Frightening Show About the Economy".
They also recommend the "Planet Money" podcast which gives a day to day recap on what's happening.You can find it here or also on itunes.
Loving the San Francisco Bay Area... Community development, urban ministry, trying to defeat poverty, faith, religion, politics, good music, the quest for the perfect pizza, the Yankees, motorcycles... All in a 'day's life'