Whats’s going on in the financial market?



If you’re like me you probably think you sort of know about enough about the financial market, and you kind of know what’s going on, you think you can maybe explain why bailing out some bank can be a good idea, and, anyway, all your savings are “FDIC insured” anyway. But the details are kind of muddy, and hey, who wants to know all the details anyway? But then, maybe it would help if someone explained what buying out AIG actually means and whether or not we’re in a mess. If you’re interested in that go no further than here (thanks, Richard, for sharing!) and listen (and then, when you’re done, do some breathing exercises to get your pulse back to normal).