A hedge fund named Magnetar comes up with an elaborate plan to make money. It sponsors the creation of complicated and ultimately toxic financial securities...while at the same time betting against the very securities it helped create. Planet Money's Alex Blumberg teams up with two investigative reporters from ProPublica, Jake Bernstein and Jesse Eisinger, to tell the story.
David Rakoff discusses the world of birthdays and other holidays, as they're celebrated on the job... and what happens when you call yourself an editorial assistant but the editor you're assisting calls you a secretary. He read this story before a live audience at Town Hall in New York City, during a This American Life live show.
This is the story of two people—one in his late teens, one in his late fifties. Both have good reasons to be mad at the world, but what they did with their anger—and what society did with them—are very different.