Episodes - This American Life

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: David Kestenbaum

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David Kestenbaum

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418: Toxie

Nov. 5, 2010

Act One: Fire Sale in Kansas City

David and Chana buy a toxic asset, from a guy named Wit Solberg, who used to work on Wall Street and now helps small banks who've been saddled with toxic assets. Turns out...it's hard to buy a toxic asset.

Act Two: An Old Man Chooses Between Logic and Morals. Logic Wins.

David and Chana try to track down the actual homeowners in their toxic asset. The toxic asset is made up of 2000 mortgages all over the country.

Act Three: Flipper. Not the Dolphin.

David and Chana discover a dark criminal plot inside their toxic asset.

Act Four: Villains And How To Sue Them

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.

Act Five: Toxie In a Coma. I Know. It's Serious.

David and Chana's toxic asset, which has acquired the nickname Toxie, gets sick. And the payments that it's supposed to provide them every month stop.

413: Georgia Rambler

July 30, 2010

Act One: Meriwether County

David Kestenbaum finds that the most unforgettable person in this county is a dead guy. A guy named Franklin Delano Roosevelt.

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