The Watchmen

This American Life and the guys at Planet Money have teemed up once again to cast the most recent economic downturn into simple everyday language. This week they try to answer the question - who is to blame?

Teaser:

Since Congress hasn't held 1930's-style hearings into the causes of the financial crisis, we stage one of our own. The subject? The regulators and watchdogs who were supposed to be overseeing the banks and the finance industry—to make sure things wouldn't blow up like they have. Clearly something went wrong. Today we pound a gavel and ask: where were the watchmen?

Worth a listen.