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.
March 13th, 2009
Episode 109 of 922 episodes
Bernie Madoff woke up in jail today, after pleading guilty to 11 charges stemming from an enormous Ponzi scheme. How enormous? The most recent court documents put the figure at $65 billion. In another amazing Planet Money Radio Dramatization, Alex Blumberg, Adam Davidson and David Kestenbaum act out a Ponzi scheme of their own. With a cameo by Harvey Pitt, former chair of the Securities and Exchange Commission, who suggests that the estimate of $65 billion is "badly inflated."