Oct 10, 2008
Stories about people trying to find new solutions to age-old problems—solutions that sometimes cause problems of their own. Alex Blumberg returns (in collaboration with the Planet Money podcast) with the latest in the financial crisis.
You can listen to the 2006 version of this episode, with two additional stories, here.
- Looked at one way, the current flailing economy is a victim of invention—Wall Street invention. Investors and banks and brokers created all sorts of stuff the world would've been better off without. In the aftermath, Democrats have blamed Republicans for the mess, and, naturally, Republicans have blamed Democrats. Ira talks to Charles Duhigg, whose been covering the subprime mortgage crisis for The New York Times, to find out who we should really be mad at. (10 minutes)Song:
- "Regulators", Warren G