Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Understanding the financial crisis
i was just reminded of this fantastic episode of NPR's This American Life from earlier this year that delved deep into the why behind the mortgage crisis.
i'm a TAL groupie as it is, so sure, i'm biased, lol. but really, this is so well done on so many levels, offering the context and nuance behind why homeowners took on risky mortgage that were out of their financial league, how banks began approving mortgages to people without confirming that they even had a job, and all the players between the two.
it's long, but a must, when you get some time:
http://thislife.org/Radio_Episode.aspx?sched=1242
and apparently the producers are planning a follow up that will investigate the depths of the most recent drama. here's the story behind the story:
http://www.nytimes.com/2008/09/29/business/media/29carr.html?em