The Subprime Crisis Became Global

I'm sure it's an economic fact and known by people with much smarter brains than mine, but the concept of a Global Pool of Money is staggering.  The Global Pool of Money is a major player in how the sub-prime mortgage crisis has become an international credit crisis as explained in the Chicago radio program "This American Life" co-produced by Public Radio International and NPR News aired May 9, this year.

To understand more about the recent housing crisis which has become a global credit crisis in the last three years, the entire radio program can be heard by going to this website.   Hats off to Calculated Risk for a heads up to this program.