Bad bank

/ 6 March 2009

A great episode of This American Life last week tried to explain the financial crisis. Take an hour and listen to Bad Bank.

I learned a lot listening to the story, but I was also left wondering. In a way the banks seem like only a symptom of the problem, to me. The problem is the celebration of consumption. The urge to own. Banks may have become the greediest expression of that ethic, but aren’t we all accomplices?

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