It’s been a stressful few weeks . . . capped off with today’s little shake. My office building is on wheels, so the shaking was less bouncy and more of a long sway, but it was Cap’s first earthquake so that made it a bit more exciting. The good news is that at the end of everything we’re all basically doing ok. All except The Baron’s car that is . . .
So anyway, I’ve been wanting to share a few little financial tidbits, so under the heading of take-your-medicine (there’s a spoonful of sugar at the end), here goes:
No one is going to be surprised to find me recommending an episode of This American Life . . . this particular episode aired on 5-9-2008 and is entitled The Giant Pool of Money. Thus far it’s the most accessible and helpful explanation of the mortgage crisis I’ve come across and it really helped me understand what’s going on and why.
With so much news about bank failures recently, I also wanted to point out the FDIC’s basic information guide. If you have more than $100,000 cash to your name, I hate you . . . but I still want you to protect yourself.
If you’re curious if your bank is even covered by the FDIC, then go look it up.