Still feeling the after-effects of the mortgage collapse?  Most of us are with a dragging economy, high unemployment, and nagging debts.  What exactly happened with mortgages, and what happened to all the money invested?  Questions whose answers will lead us to understanding why we are where we are today.

I have just finished listening to a great pre-recorded radio broadcast of This American Life, the issue titled, The Giant Pool of Money.  It is slightly dated now having been recorded back on 5/9/2008 but still, I believe, highly relevant.  It last for about an hour and covers the mortgage crisis and what exactly happened at varying levels from the CDO trader to the new homeowner.  I encourage everyone reading this to give it a listen and if you don’t have the time at the moment, bookmark it!  You can listen to the full episode by simply clicking on full episode link under the picture of the dollar bill.

This American Life: The Giant Pool of Money