Friday, March 12, 2010

Toxic Asset

Planet Money, the NPR economics blog/podcast, bought a toxic asset and then created a pretty adorable video about it:

The idea was to buy a toxic asset and create an interactive website that allows people to keep track of it, giving a sense for where we are in the financial crises in general. The stunning thing is that the $1000 they spent would have been more like 75,000 before the crises.

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