Now Netflix is having problems, dammit, right when I was getting into the swing of watching movies regularly.
I've been working out at the gym again this week, rather than trying to walk. I had a breakthrough recently when I realized I didn't have to make a choice between having my workouts also be my This American Life time and being able to use the elliptical machine; I don't really need a steady techno beat to maintain the correct pace. So, I've been catching up on This American Life episodes and this morning I listened to an episdode that aired on 5/9/2008 called "The Giant Pool of Money". This was such a compelling episode that I actually listened to it again in the office. It does a better job of explaining the entire picture regarding the global credit crisis/subprime meltdown than anything I've read or seen. Now, the episode starts with the obligatory interview with the poor schlub who got caught by an ARM rate reset and almost lost their house. Listen past it to get to the real meat of the show, which explains how everybody dropped the ball on this one. Some people watch zombie horror films, I listen to financial horror radio.
One of the interesting side effects of all this that it's possible to beat foreclosure because banks can't prove they actually own the note on the property they're trying to kick out out of. On the other hand, municipalities trying to find the owners of foreclosure properties to force them to mow the lawns are having a rough go of it.
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