Planet Money correspondent David Kestenbaum investigates the growing popularity of pet insurance, and what it reveals about insurance for people.
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David Kestenbaum finds that the most unforgettable person in this county is a dead guy. A guy named Franklin Delano Roosevelt.
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.
This week Southerners were still digging out in the wake of last week's tornados. David Kestenbaum, from our Planet Money team, heads to Tuscaloosa, Alabama where he finds that facts are not so easy to hold onto.
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.
Planet Money reporters David Kestenbaum and Jacob Goldstein went to Kenya to see the work of a charity called GiveDirectly in action. Instead of funding schools or wells or livestock, GiveDirectly has decided to just give money directly to the poor people who need it, and let them decide how to spend it.
David and Chana discover a dark criminal plot inside their toxic asset.
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.
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.
Host Ira Glass explains how the Planet Money team spent a thousand dollars of their own money to buy a toxic asset, and introduces Planet Money reporters David Kestenbaum and Chana Joffe-Walt. Their stories about "Toxie" have appeared on the Planet Money podcast and daily public radio news shows, and are collected here for the first time, into one epic, Dickensian tale.
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.
The dramatic conclusion to Laura and Alex's search for information about Intellectual Ventures, and the inventor they claimed they were helping, Chris Crawford. The story turns out to be different than the one Intellectual Ventures originally told.
Alex Blumberg and Adam Davidson tackle a very tough subject: Trying to explain exactly what a bank is and does. They talk to a number of experts about what has gone wrong in banking, but not before bringing us all up to speed on some banking basics, like understanding a bank balance sheet, and a bank's assets and liabilities, and the squishy business of what banks say about their balance sheets compared to what they are.Alex and Adam walk us step by step through the complications of the US government buying up bad assets from banks, and explain why, when it comes to footing the bill, the government might just prefer to not be in charge of the very banks it is having taxpayers bailout.
NPR reporter Laura Sydell and This American Life producer/Planet Money co-host Alex Blumberg tell the story of Intellectual Ventures, which is accused of being the largest of the patent trolls. Executives at Intellectual Ventures insist they are not trolls, but rather, promoters of innovation.