Planet Money's Chana Joffe-Walt explains why prescription drug coupons could actually be increasing how much we pay, and prevent us from even telling how much drugs cost.
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Planet Money correspondent David Kestenbaum investigates the growing popularity of pet insurance, and what it reveals about insurance for people.
Host Ira Glass talks with NPR correspondent Adam Davidson about a black tie event he attended in the spring of 2008. The event was an awards dinner for finance professionals who created the mortgage-based financial instruments that nearly brought down the global economic system.
Planet Money's Alex Blumberg and Adam Davidson talk to Ira about the lawsuit phase of the economic crisis, and the ongoing search to find someone to take the blame. So far at least 196 lawsuits are simply banks suing other banks.
Planet Money reporter Chana Joffe-Walt asks a simple question: Who was the federal regulator who was supposed to be regulating AIG? The answer turns out to be far from simple.
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.
Reporter Chris Arnold visits a foreclosure prevention event to find out the painful truth about the mortgage crisis: 90% of foreclosures are being enforced by servicing companies not because it helps the banks to foreclose, and not because home owners aren't interested in renegotiating their loan terms, but because there's just no system in place to handle the sheer volume of loans that need help.
NPR reporter and Planet Money contributor Chana Jaffe-Walt reports this story of what it really looks like when a bank fails and is taken over by the FDIC. She talks to the former employees and a handful of FDIC staff about the Friday night when the Bank of Clark County was interrupted and closed by 80 FDIC employees, who had every step of their secret operation down to a science.