Hear: Too Big For That


Where'd the economy go? Bob Barsanti hide caption

itoggle caption Bob Barsanti



On today's Planet Money:

— The last time we talked about mark-to-market accounting, a whole bunch of you wrote back, "Enron." And you were right. Bloomberg columnist and former WSJ reporter Jonathan Weil reported in 2000 on how Enron used market-to-market to create mammoth earnings. Now Weil tells you why he thinks banks should have to stick with the system now.

— Everything you want to know about a community, you can find out from its newspaper — especially its classified ads. Bob Barsanti, a teacher, has been tracking the ads on Nantucket island with his classes. If you're looking to rent, he says, you're in luck.

— A couple of execs from the Minnesota Federal Reserve wrote a book five years ahead of its time. Gary Stern and Ron Feldman's Too Big to Fail: The Hazards of Bank Bailouts hit the world in 2004. It's growing more relevant by the day.

Bonus: Tips from the SEC.

Download the podcast; or subscribe. Intro music: Wolf Parade's "Shine a Light." Find us: Twitter/ Facebook/ Flickr

Denise Hesselroth sends the photo below, which showed up in her daughter's refund check from the IRS. It's part of a public service campaign. You can get the full list of Top tips for 2009 straight from the SEC. Among other tidbits, the campaign advises that we go ahead and open those statements about our 401(k)s. You go first, all right?

SEC note i

Click to enlarge. Denise Hesselroth hide caption

itoggle caption Denise Hesselroth
SEC note

Click to enlarge.

Denise Hesselroth



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