Tag: Financial Crash

61 articles
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Inside the New York Fed: Secret Recordings and a Culture Clash

When Carmen Segarra was hired to examine Goldman Sachs for the New York Fed, she bought a small recorder and began taping her meetings. Here is what she found before she was fired.

Listen to the radio version of this story from This American Life.

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The Mansion: A Subprime Parable

On the urge to live in a house you can't afford, the "acceptable lust" of American life.

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Welcome to Bakersfield, California

How a disgraced principal-turned real estate mogul helped cause the global financial crisis.

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Greece's Unemployed Young

When there are too few jobs for an entire generation.

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What Is to Be Done About the Banks?

On the dangerous state of U.K. banks—“an existential threat to British democracy, a more serious one than terrorism, either external or internal”—and how it can be fixed.

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The Depositor Haircut

In Cyprus with those who lost big by simply depositing their savings with Laiki.

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Everything Is Rigged: The Biggest Price-Fixing Scandal Ever

Libor, ISDAfix, and how the big banks do business.

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Food Stamps Put Rhode Island Town on Monthly Boom-and-Bust Cycle

The economics of Woonsocket, where one-third of residents rely on the Supplemental Nutrition Assistance Program.

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The Sharp, Sudden Decline of America's Middle Class

Profiles of people who live in their car after losing almost everything during the Great Recession.

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The Smartest Girls in the Room

How an obscure Australian judge and a hard-charging lawyer put the S&P on trial for the global financial collapse.

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Life of a Salesman

Frank Firetti, a 54-year-old pool salesman in Virginia, and his fading American dream.