sub-prime mortgage crisis
The Giant Pool of Money
Confused about the housing crisis, the falling dollar, the credit crunch or the securities problem "that nearly brought down the global financial system?"
Last week, This American Life took it all on in "The Giant Pool of Money." In one hour, This American Life breaks down the most complex financial problem in recent U.S. history, and does it better than anyone I've come across.
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John Hope Bryant on the Silver Rights Movement
A recent article in The Economist explored the role financial illiteracy played in the subprime crisis and a growing global movement to improve financial education. Among projects mentioned in the article are Aflatoun, an Amsterdam-based program that attempts to "equip children with the knowledge and skills to become economically self-reliant citizens and empowers them to break the cycle of poverty through financial education." Another project discussed in the article was The President's Council on Financial Literacy, created by President Bush this past January.
John Hope Bryant, one of the vice chairman of the President's Council, is the founder of Project HOPE. Project HOPE has worked since the early '90s to use financial education as a way of alleviating poverty in urban communities.
At the Davos conference in January, Bryant summarized how financial education — what he calls the "Silver Rights Movement" — can reduce poverty.
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