When An Asset Turns Toxic, Who You Gonna Sue?

George Laufenberg

George Laufenberg, manager of the carpenters union fund that is suing over a toxic asset gone bad. (NPR/Caitlin Kenney) hide caption

toggle caption (NPR/Caitlin Kenney)



  • Playlist
  • Download
  • Embed
    <iframe src="http://www.npr.org/player/embed/114620191/127415868" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

A toxic asset — very much like our own Toxie — goes bad. And a New Jersey carpenters' union fund that bought a piece of the asset tries to figure out if there's someone to blame.

On today's Planet Money, we hear from a carpenter, a lawyer and a guy who owns a pub in London. Oddly enough, the pub owner could be the one bailing the carpenters out.

Download the podcast, or subscribe. Check out a graphic that tracks the carpenters' toxic asset. Music: Gorillaz' "Stylo." Find us: Twitter/ Facebook/ Flickr.



Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

NPR thanks our sponsors

Become an NPR sponsor

Support comes from