❗Let's close the gap: We still need your help to raise $40,000 by April 1. Donate now
Marketplace Off Air

The credit crisis as Antarctic expedition

Richard Core Oct 13, 2008

In the third installment of his videos making the financial crisis easier to understand, Marketplace Senior Editor Paddy Hirsch explains how banks have gotten frozen in their tracks, awaiting a rescue.

See Paddy’s previous videos: “Uncorking CDOs” and “Untangling Credit Default Swaps.”

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.