So, confused enough about the economy yet?
You are forgiven if you don’t know your credit default swaps from your asset back security. It’s not simple stuff – it turns out even the people who knew this stuff didn’t know it, and the regulators most certainly didn’t know what was going on.
But given the impact this mess is about to have on your life (if it hasn’t already), you should know what’s going on – in simple language anyone can understand.
You don’t even need to read anything, just listen to part one, and part two of this radio program. In each case, look for an icon like this: