418: Toxie
Nov 5, 2010
In January 2010, reporters from Planet Money bought a toxic asset—you know, the things that blew up wall street banks, sank the economy and brought the global financial system to a halt—one of those. And "Toxie" turned out to be an encyclopedia of the financial crisis. Here's an animation about Toxie. And here's an interactive timeline tracking its value.
Here's a video called "Toxie's Dead."
Planet Money is a collaboration between This American Life and NPR News.
Planet Money is a collaboration between This American Life and NPR News.
- David and Chana buy a toxic asset, from a guy named Wit Solberg, who used to work on Wall Street and now helps small banks who've been saddled with toxic assets. Turns out...it's hard to buy a toxic asset. But, they eventually find one that looks good, and looks like it will actually make them and the team money. (9 minutes)
