375: Bad Bank

375: Bad Bank

Feb 27, 2009
The collapse of the banking system explained, in just 59 minutes. Alex Blumberg and Adam Davidson are back to help all of us understand the news. For instance, when we talk about an insolvent bank, what does it actually mean, and why are we giving hundreds of billions of dollars to rich bankers who screwed up their own businesses? Also, two guys go to New Jersey to look at a toxic asset.
  • Host Ira Glass plays clips from TV in a recent senate hearing and talks about how confusing the current banking crisis is.  But fortunately today, we have the team that brought us our show that explained the mortgage crisis a year ago, back to explain entire the banking system in 40 minutes. (3 minutes) Economics

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