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NPR's Planet Money Buys A Toxic Asset Just To Watch It Die

Npr Toxic Asset

First Posted: 05/12/10 06:12 AM ET Updated: 05/25/11 04:50 PM ET

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npr.org:

Remember those complicated bonds full of home mortgages? The ones that almost brought down the economy? A team of NPR reporters used $1,000 of their own money to buy a tiny piece of one -- and plan to track it until it dies.

Read the whole story: npr.org

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Remember those complicated bonds full of home mortgages? The ones that almost brought down the economy? A team of NPR reporters used $1,000 of their own money to buy a tiny piece of one -- and plan to...
Remember those complicated bonds full of home mortgages? The ones that almost brought down the economy? A team of NPR reporters used $1,000 of their own money to buy a tiny piece of one -- and plan to...
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AZBunny
16 Fans
12:12 PM on 03/12/2010
GEE, I watched my 401K die.
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almost homeless
148 Fans
11:57 AM on 03/12/2010
Every time i see "Toxic Assets" this is what comes to mind,

I'll bet Goldman Sachs makes 10-50 billion dollars reselling the TRILLIONS of dollars in toxic assets for the government (taxpayers) that Goldman Sachs had a huge part in creating, profiting from on the upside, profiting from on the downside, and then profiting from through a conspiracy with their alumni at the FED to have the (taxpayers) buy them at 2-10 times their market value from Goldman's Insurer in order for to get 100% of the face value for the worthless paper they already profited from 2-3 times.... and now will get to resell once again for even more Goldman Sachs profits.

What a magical kingdom Goldman Sachs and their alumni at the FED lives in! They can create a huge disaster and profit on the upside, downside, conspiracy-robberery side, and the cleanup side.

Now that's a business model! But not really impressive since unlike the rest of us they live in a "make your own rules" world with their alumni cronies in the highest possible financial and regulatory positions and bodies.
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mrspiffy
41 Fans
11:36 AM on 03/12/2010
Well..its cleaner than shooting a man in Reno...
http://yieldpig.blogspot.com/
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