- Subjects: Global financial crisis of 2008–2009
- Program: This American Life
"The Giant Pool of Money" is an episode of the radio show This American Life which originally aired on May 9, 2008. The episode described to a general audience the causes and factors which led to the subprime mortgage crisis. Specifically, the show aimed to show the chain of people who were "participants up and down the subprime food chain".
The show featured Adam Davidson, a business correspondent for National Public Radio and Alex Blumberg, a producer for the show, interviewing and reporting on the financial crisis. Blumberg described it as trying to answer the question “why are they lending money to people who can’t afford to pay it back?”
The episode's name "The Giant Pool of Money" is derived from the description used in the show of fixed-income securities; it was identified in passing with the global saving glut. Davidson described it as follows:
The show begins at a black tie gala, where an award is being presented for CDO of the year. The show does not lay blame on the financiers directly, going so far as to say "Let me just say, they’re aware that there’s a certain irony, giving awards to the instrument that almost destroyed the world’s economy. They did consider canceling