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.
August 27th, 2010
Episode 302 of 922 episodes
Financial trickery! Self-dealing! CDOs! On today's podcast, we return to the last days of the housing bubble. Our story: A group of bankers knew there were serious problems in the market for subprime mortgage investments. But rather than wind the business down, they sped it up -- prolonging the bubble, and ultimately making the crisis worse. Music from The Delays' "Long Time Coming."