Paddy Hirsch who does the great Whiteboard explainer videos for Marketplace wrote in with a helpful critique of our toxic asset theater on the podcast last night. He writes:
"The taxpayer is NOT on the hook for the loan that comes from the "government." That loan is guaranteed by the FDIC, which is funded with dues from member companies, not by the taxpayer."
categories: Corrections
I'd like to correct a post I made yesterday on short-selling stocks.
A listener wrote in to ask what a person who loans a stock to short seller has to gain? Short selling can seem a bit counterintuitive but I always thought I understood it. When I answered the question yesterday, this is what I wrote:
categories: Corrections
It is a bit like a paper vendor trying to take credit for having written MOBY DICK.
I had a story on Morning Edition this morning.
NPR's own IT expert, Michael Czaplinski sent me an e-mail with a correction or, really, an elaboration.
I found it interesting so I'm posting it.
In the story, I mention Sybase, a software company that serves the financial community. Turns out it also serves the NPR community.
Michael mentions Dalet, which is NPR's audio editing software.
categories: Corrections
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