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 meet another toxic asset owner, like themselves. Only difference, David and Chana bought theirs after it was already toxic, for a steep discount, 99% off. George Laufenberg bought his for full price. Now, it's almost worthless, and George is trying to figure out who to sue. (10 1/2 minutes)Economics

    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