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.
  • Not everyone hates the idea of "toxic assets." Reporter Lisa Chow goes to New Jersey to follow two guys on their quest to clean up some of America's bad mortgages—by buying them, and going straight to the homes themselves to have a look at how dire the situation really is. (13 minutes)

    Economics

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