Marketplace is National Public Radio's Business program. It is broadcast Monday thru Friday at 6:30 p.m. on public radio stations nationally. In the Berkshires it may be heard on WFCR and WAMC, each on FM. As with newspapers and magazines Marketplace has a multimedia presence online, where its programs, special reports, podcasts and videos may be downloaded and heard as well as viewed. The program is uniformly informative and worth listening to if you're trying to understand what's going on behind the headlines in the business, financial and working worlds.
For the past year Marketplace online has had a continuing feature, "The Whiteboard", on getting behind the financial crisis and taking the mystery out of Credit Default Swaps, Collatoralized Debt Obligations, Write Downs, Mortgage Backed Securities, and other arcane terms and making them clear. "The Whiteboard" features Marketplace Senior Editor, Paddy Hirsch, in short, graphic, 5 to 10 minute presentations. In this posting I am including 1 of these Whiteboards, as an example, for you to view:
"Uncorking CDOs (Collatorized Debt Obligations)" from October 3, 2008 (Marketplace online) .
When viewing this 6 minute presentation, you may need to watch more than one time. These are after all complicated matters. But Paddy Hirsch does an excellent job. The presentations are never boring. If fact they only got better the more I repeated them. You may understand them quicker than me. But Paddy Hirsch has provided us with an excellent reference backdrop. If you have RealPlayer or Windows Media Player you should be able to view. If not viewable you may need to download a recent version of Quicktime.
After viewing this and other Whiteboards you'll have a better understanding of the financial system and how it works, relation to mortgages, credit card debt, student loans, General Motors bankruptcy and their impact, or, as Paddy Hirsch puts it, "the financial mess we're all in". For the full list of Paddy Hirsch's Marketplace Whiteboards click here. You won't regret time spent.
Another website that continues to illuminate with clear explanations, is Investopedia, which we have featured in the past and continue to consult for accurate, informed discussion. Marketplace and Investopedia are worthy of your Bookmarks.
The Berkshire Athenaeum has 2 dictionaries of finance and banking you may want to consult:
1) Dictionary of Finance and Investment Terms by John Downes and Jordan Goodman; and 2) Dictionary of Banking and Finance by P.H. Collin.
For the past year Marketplace online has had a continuing feature, "The Whiteboard", on getting behind the financial crisis and taking the mystery out of Credit Default Swaps, Collatoralized Debt Obligations, Write Downs, Mortgage Backed Securities, and other arcane terms and making them clear. "The Whiteboard" features Marketplace Senior Editor, Paddy Hirsch, in short, graphic, 5 to 10 minute presentations. In this posting I am including 1 of these Whiteboards, as an example, for you to view:
"Uncorking CDOs (Collatorized Debt Obligations)" from October 3, 2008 (Marketplace online) .
When viewing this 6 minute presentation, you may need to watch more than one time. These are after all complicated matters. But Paddy Hirsch does an excellent job. The presentations are never boring. If fact they only got better the more I repeated them. You may understand them quicker than me. But Paddy Hirsch has provided us with an excellent reference backdrop. If you have RealPlayer or Windows Media Player you should be able to view. If not viewable you may need to download a recent version of Quicktime.
After viewing this and other Whiteboards you'll have a better understanding of the financial system and how it works, relation to mortgages, credit card debt, student loans, General Motors bankruptcy and their impact, or, as Paddy Hirsch puts it, "the financial mess we're all in". For the full list of Paddy Hirsch's Marketplace Whiteboards click here. You won't regret time spent.
Another website that continues to illuminate with clear explanations, is Investopedia, which we have featured in the past and continue to consult for accurate, informed discussion. Marketplace and Investopedia are worthy of your Bookmarks.
The Berkshire Athenaeum has 2 dictionaries of finance and banking you may want to consult:
1) Dictionary of Finance and Investment Terms by John Downes and Jordan Goodman; and 2) Dictionary of Banking and Finance by P.H. Collin.
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