Wednesday, March 04, 2009 By Aaron Brown
The collapse of the banking system explained, in just 59 minutes. Our crack economics team—the guys who explained the mortgage crisis, Alex Blumberg and NPR’s Adam Davidson—are back to help all of us understand the news. For instance, when we talk about an insolvent bank, what does it actually mean, and why are we giving hundreds of billions of dollars to rich bankers who screwed up their own businesses?This thing will please neither Democrats nor Republicans. In fact, it will scare the hell out of you, but leave you feeling smart ... and in want of a food and weapons cache, depending on your orientation.