Planet Money


Business, News & Politics

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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.


Banks of America

October 14th, 2008

Episode 27 of 902 episodes

Federal officials today announced they were using the $700 billion bailout to buy shares in banks. The idea is to get money into them quickly so they can start lending money again. It's a big idea — and a smart one, many economists say — but the devil is in the details. We hear one of the earliest objections.

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