Monday, October 06, 2008
About That Bailout
In the past few weeks, all the talk of the Wall Street bailou--ahem: Rescue Plan--had me wondering where people might be going on the web in order to follow the issue. While there would potentially be a flurry of activity to various banks for statements about the crisis, I was curious about any sort of sites that might have been pro- or anti-bailout. Then I saw this article in the San Francisco Chronicle.
You might say there were some folks who visited No Wall Street Bailout and Stop the Housing Bailout during the time when the bills were under consideration. So many that they shot up into short periods of ranking in the top sixty thousand or even near the top twenty thousand sites worldwide.
As an aside, I'd like to share a resource I found helpful when trying to wrap my brain around the bailout and preceding mortgage crisis. National Public Radio's This American Life ran a story in May called "The Giant Pool of Money." It explains the fairly complicated matters in plain language, and was so helpful to so many as to have been the focus of an article in The New York Times. Among the careful walk-through of the crisis with financial experts, the program has interviews with some of the people who were raking in money hand over fist by pushing bad dangerous mortgages on Americans. The program just aired a follow-up that's similarly lucid, only this one's on the bailout: "Another Frightening Show About the Economy."
Have you found resources online or offline that were helpful as you attempted to understand the recent economic stories? Feel free to enlighten us in the comments.
Posted by Kelly Dragoo at 5:23 PM