$70 Trillion Dollars

The best explanation for the Credit Crisis that now grips the the world (and yes, this is a world-wide phenomenon--the ripples are just beginning to spread) that I have found is an episode of Chicago Public Radio's This American Life entitled: The Giant Pool of Money. It's available through iTunes for $0.95, and believe me, when you hear what happened, it will take your breath away.

$70 Trillion Dollars.