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Planet Money

In 2008, after our Giant Pool of Money show, Alex Blumberg and Adam Davidson started Planet Money as a co-production of our show and NPR News. They have a thrice weekly podcast and a blog and http://www.npr.org/money.
There are 19 results

Act One: 2011

NPR reporter Laura Sydell and This American Life producer/Planet Money co-host Alex Blumberg tell the story of Intellectual Ventures, which is accused of being the largest of the patent trolls. Executives at Intellectual Ventures insist they are not trolls, but rather, promoters of innovation.

Act Two: 2013

The dramatic conclusion to Laura and Alex's search for information about Intellectual Ventures, and the inventor they claimed they were helping, Chris Crawford. The story turns out to be different than the one Intellectual Ventures originally told.

Act Three: Insurance? Ruh Roh!

Planet Money correspondent David Kestenbaum investigates the growing popularity of pet insurance, and what it reveals about insurance for people.

Prologue

Host Ira Glass talks with NPR correspondent Adam Davidson about a black tie event he attended in the spring of 2008. The event was an awards dinner for finance professionals who created the mortgage-based financial instruments that nearly brought down the global economic system.

Act Two: Investigation Report #2

Alex Blumberg and NPR correspondent (and "Planet Money" reporter) Dave Kestenbaum examine what went wrong with the credit ratings agencies. When all these financial instruments that brought down our economy—the mortgage backed securities, the derivatives—were originally issued, the rating agencies (Standard and Poors, Moody's and Fitch) gave many of these things their top rating of triple-A.

Act One: The Mod Squad

Reporter Chris Arnold visits a foreclosure prevention event to find out the painful truth about the mortgage crisis: 90% of foreclosures are being enforced by servicing companies not because it helps the banks to foreclose, and not because home owners aren't interested in renegotiating their loan terms, but because there's just no system in place to handle the sheer volume of loans that need help.

Act Two: Unbreaking The Bank

NPR reporter and Planet Money contributor Chana Jaffe-Walt reports this story of what it really looks like when a bank fails and is taken over by the FDIC. She talks to the former employees and a handful of FDIC staff about the Friday night when the Bank of Clark County was interrupted and closed by 80 FDIC employees, who had every step of their secret operation down to a science.

Act Two: Out Of The Hedges And Into The Woods

One more confusing financial product that's bringing down the global economy. And one of way to think about this product is this: If bad mortgages got the financial system sick, this next thing you're about to hear about, helped spread the sickness into an epidemic.

Act Two: Now You Sec Me, Now You Don't

TAL producer Alex Blumberg reports on a peculiar Wall Street practice with a dirty-sounding name—naked short selling—and how one of Wall Street's main regulators, the chairman of the Securities and Exchange Commission, doesn't seem all that interested in regulating anything. (20 minutes) Alex's story is also going to be on NPR's new Planet Money podcast...which came about after our Giant Pool of Money show, the show Alex did on the mortgage;crisis with NPR's Adam Davidson.

Act One

This American Life producer Alex Blumberg teams up with NPR's Adam Davidson for the entire hour to tell the story—the surprisingly entertaining story—of how the U.S. got itself into a housing crisis. They talk to people who were actually working in the housing, banking, finance and mortgage industries, about what they thought during the boom times, and why the bust happened.

Act Two

Alex and Adam's story continues.