Perplexed by the U.S. economy? You're not alone. Law professor Michael Greenberger joins Fresh Air to explain the sub-prime mortgage crisis, credit defaults, the shaky future of other types of loans and what we can expect from the U.S. financial markets.This is a long listen (39 minutes), but is the sort of thing that if every voting American listened to, and if every politician in Washington knew everyone listened to, that a lot of the future corruption in Washington might be avoided. Professor Greenberger also gives very solid advice on what we must do as a country to avoid having Asian countries "eat our lunch": emphasize science and technology and build companies that produce real products - and don't idolize people and companies who make money speculating instead of producing. I liked that he seemed to think our problems are fixable, but only with positive action. Listening to this interview, and then emailing your 2 senators and your representative in congress regarding this material would be a good start.
Greenberger is a professor at the University of Maryland School of Law and the director of the University's Center for Health and Homeland Security.
Sunday, April 06, 2008
National Public Radio: "Our Confusing Economy, Explained" - excellent!