LISTEN: Author Les Leopold Explains the Financial Crisis

Posted on Friday, March 13th, 2009 at 1:58 am by dpacheco

Here are eight words you’ll never hear me say: “you had me at synthetic collateralized debt obligation.”

If you’re anything like me, you’ve already zoned out. For me, hearing complicated economic jargon like that is like hearing the trigger-word of a sinister post-hypnotic suggestion. “Would you like to play solitaire, Dennis?” Next thing I know I’m at the top of a bell tower with a bolt-action rifle and no memory of the last 2 hours. And all because I asked a couple of questions about AIG.

In this radio interview with Lenny Palmer of WLIP (Kenosha, Wis.), author Les Leopold gives the financial crisis the Man Who Hated Work and Loved Labor treatment—taking a complicated subject and making it accessible to a normal person. His explanation is peppered with off-track betting and wine metaphors, so if you like alcohol and gambling, this one’s a can’t-miss.

Listen Now

 

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