Are their any financial types that have listened to this and can verify their claims?
In typical fashion they did a great job with storytelling and production. However, I hear conflicting reports about some of the underlying causes, including ones they discuss.
"Perplexed by the U.S. economy? You're not alone. Law professor Michael Greenberger joins Fresh Air to explain the sub-prime mortgage crisis, credit defaults, the shaky future of other types of loans and what we can expect from the U.S. financial markets"
Actually, if you check the link, Michael Greenberger previously directed a division at the U.S. Commodity Futures Trading Commission so he does have some experience in finance.
Also, if you listen to the podcasts, he mentions that he teaches a class to law students which covers financial instruments beyond typical stocks and bonds.
There is also the "Planet Money" podcast that the same guys at NPR have been putting together. They've been discussing the most recent parts of the crisis as they unfold; hours of super depressing fun!
In typical fashion they did a great job with storytelling and production. However, I hear conflicting reports about some of the underlying causes, including ones they discuss.