NPR Buys a Toxic Asset

This is pretty funny.

You can follow the performance of this asset at: Tracking Our Toxic Asset

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.

About HS

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This entry was posted in Banking and Finance, Mortgage News and tagged Foreclosures, Humor, Toxic Assets. Bookmark the permalink.

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