What is Commerical Paper and Why Should You Care?

In simple terms it's the fundamental method of loaning money to businesses on a short term basis. Essentially, the engine of our economy. See Wiki for more detail.

365: Another Frightening Show About the Economy
Alex Blumberg and NPR's Adam Davidson explain in simple terms how the system of Commercial Paper works and its effect on our economy.

Topics covered include:
- Credit Market Freeze
- Credit Default Swaps
- The Bailout Package

Listen to the NPR podcast now.