Yesterday on my way home I listened to the NPR radio show “fresh air” hosted by Terry Gross. Financial reporter and New York Times columnist Gretchen Morgenson was there for an interview about the current financial crisis on Wall Street and why it happened, who did it, what happened, where the impact can be seen and felt, how it came to where we are and how it might be solved, and whether that could be real relieve or not.

I have to say, after watching Cramer for a few days in a row now, reading the WSJ, and digging through various sites on the Internet, I thought this was probably the best summary I have heard so far. I highly encourage you to spend the 40 minutes and listen to the interview, as the $700 billion bailout come out of your pocket if you are here in the U.S. and the crisis has most likely affected you already, no matter where you are.