418: Toxie

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.
  • 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)CrimeEconomics
    Song:
    • "The Toxie Song", Lyrics by Andrew Breton. Music and recording by James Gammon

    Embed

    Copy and paste the HTML below to embed this story into your web page or blog.

    pixels

Embed

Copy and paste the HTML below to embed this episode into your web page or blog.

pixels