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 discover a dark criminal plot inside their toxic asset. They do this with the help of several reporters from the Sarasota Herald-Tribune, who turn them on to a Florida mortgage fraud mastermind nicknamed "The King of the Flip." (11 1/2 minutes)Song: "The Toxie Song", Lyrics by Andrew Breton. Music and recording by James Gammon
