The economy, explained, with stories and surprises. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening. That's what we're going for at <em>Planet Money</em>. People seem to like it.
January 30th, 2010
Episode 239 of 974 episodes
We hear from Mary Kinsley, a lawyer in Phoenix who works at a legal help-line for people with real estate questions. She says her unit gets around 100 calls a day, almost all from people asking about foreclosure. Mary says that starting last year, the questions changed dramatically. In 2007 and 2008, callers couldn't pay their mortgages but wanted to Mary to help them find a way to keep their houses. Now most callers aren't trying to avoid foreclosure, instead they want Mary to help them bring it on as fast as possible. It's called strategic default, where the borrower owes so much more than the house is worth, that it makes more sense to just give the keys back to the bank.
Social science, behavioral economics, cognitive psychology -- sound complex? Let's fix that. The Art of Charm Podcast is where self-motivated guys and gals, just like you, come to learn from a diverse mix of experienced mentors, including the world's best professional and academic minds, scientists, innovators, coaches, relationship experts, entrepreneurs, bestselling authors, and other brilliant minds. This show will make you a higher performer, a better networker, a deeper connector and, most importantly, a better thinker.