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 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)
