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Michigan Voices
Recession
9:03 am
Fri September 17, 2010
Follow that cute little toxic asset
By Mark Brush
Credit NPR's Planet Money
A not-so-lovable little creature. NPR's Planet Money's toxic asset creature.
The team at NPR's Planet Money has come up with another way for us to understand the financial crisis. They bought a pet.
Planet Money is committed to following the financial crisis to the bitter end. And what better way to do that than to own a piece of it. We bought one of those things that no one wanted, one of those things that almost brought down the global economy: our very own toxic asset. This one has more than 2,000 mortgages in it. We paid $1,000, with our own money, for our piece. It used to be worth more like $75,000. Click on the timeline and roll over the states to watch a disaster in progress.
You can follow their pet's dubious future here.
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