Please excuse me as I perform another public service, but I firmly believe that what's happening in the financial sector affects all of us in some way or another. It's helpful to know what's at the root of the current financial crisis.
Here's another great Paddy Hirsch
video from Marketplace. This time, Hirsch takes on Credit Default Swaps. Credit default swaps are what brought down AIG and the rest of the financial titans who have floundered and collapsed in the last few weeks. This one's ten minutes long, but it's still an entirely watchable explanation of a complex idea that currently wreaking havoc the world over.
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