What Is Deleveraging?


Tom Corona and Will Aston-Reese are money. Art Silverman/NPR hide caption

itoggle caption Art Silverman/NPR



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Today on Planet Money:

The credit market thaws, a bit, and Federal Reserve Chairman Ben Bernanke tells Congress it's time to talk stimulus.

Tom Corona and Will Aston-Reese reveal the secrets of the money trade.

— Listener Kelly Mosier asks where the money went.

— Economist Satyajit Das tells us it went away as part of deleveraging, and then explains that.

— A postal carrier in Seattle sees the economic crisis in the mail, reports Chana Joffe-Walt.

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