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Alex Blumberg

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Act Two

Several producers talked about the first stories they ever heard on the show, before they worked here. Former producer Jonathan Goldstein, now host of WireTap, remembers the prologue to episode 27: The Cruelty of Children.Then producer Brian Reed talks about the first time he heard the show, when Ira spoke at his college and played a story by Jack Hitt from episode 188: Kid Logic.Alex Blumberg talks about an early story by Adam Davidson, Alex's current colleague at Planet Money, from episode 94: How To.

Prologue

NPR reporter David Kestenbaum tells host Ira Glass about the time, when he was doing graduate work in physics, he and his other single friends decided to figure out the mathematical probability that they'd find girlfriends. They wanted to know what the chances were that there was more than one person in the world for them.

Act Two: Investigation Report #2

Alex Blumberg and NPR correspondent (and "Planet Money" reporter) Dave Kestenbaum examine what went wrong with the credit ratings agencies. When all these financial instruments that brought down our economy—the mortgage backed securities, the derivatives—were originally issued, the rating agencies (Standard and Poors, Moody's and Fitch) gave many of these things their top rating of triple-A.