EPISODE · Feb 27, 2009

375: Bad Bank

from This American Life (Unofficial)

The collapse of the banking system explained, in just 59 minutes. Alex Blumberg and Adam Davidson are back to help all of us understand the news. For instance, when we talk about an insolvent bank, what does it actually mean, and why are we giving hundreds of billions of dollars to rich bankers who screwed up their own businesses? Also, two guys go to New Jersey to look at a toxic asset.

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375: Bad Bank

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