The Financial Crisis Explained: It Was All Just Pretend Money

It’s been a few days since we looked into the Financial Crisis of ’08, which in the current Internet news cycle is pretty much the equivalent of a few months. Paul Krugman, the Nobel prize-winning NYT columnist, says that it’s going to get worse before it gets better. The President seems to be talking a lot but at this point pretty much no one is listening. And the original bailout was a bad idea so now they’re trying a new one.