Big. And moving fast.
Win McNamee/Getty ImagesToday on Planet Money:
That backdoor bailout we've been talking about came now front and center. U.S. Treasury Secretary Henry Paulson says the U.S. is prepared to use public money to buy up portions of private banks. Alternately called a stock injection and a capital one, the move would amount to at least a partial nationalization of the financial system.
-- Christian Menegatti of RGE Monitor says Paulson should make a priority of the stock injection.
-- Listener Greg King asks whether it's possible to untangle all the properties in a single mortgage-backed security. The short answer: Who knows? But Whit Solberg and HJ Kim, of Mission Peak Capital, show us the amazing collection of odds and ends packed into just one.
-- Adam Davidson checks in on money market broker Will Anston Reese, who says business has stopped. Stopped.
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categories: Planet Money Podcast
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