Sep 24, 2010
Crybabies are annoying. They whine, they complain, sometimes they ruin it for the rest of us. But being a crybaby can be a really effective tactic. We have stories of crybabies in sports, in politics, on Wall Street, on the streets of California, including a new story by David Sedaris.
In the original broadcast of our Crybabies episode Adam Davidson incorrectly stated that Stephen Schwarzman’s company, the Blackstone Group, benefited from Treasury Department contracts related to the bailout of Wall Street. They did not. Blackstone did directly benefit from the bailout in several ways—including a $107 million commitment to a bank they own, BankUnited. We regret the error.
- Ira with Planet Money economics correspondent Adam Davidson on why—even after everything President Obama has done to save Wall Street, actions which have led to record profits and bonuses—Wall Street seems ungrateful. Adam and producer Jane Feltes head out to a Wall Street bar where they're told by three finance guys that there's no reason to thank the President for saving their jobs. Planet Money is a co-production of This American Life and NPR News. (16 minutes)Song: "I Get Money", 50 Cent