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The Friday Podcast: Wall Street Trickery Inflated The Bubble

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The Friday Podcast: Wall Street Trickery Inflated The Bubble

Crisis In The Housing Market

The Friday Podcast: Wall Street Trickery Inflated The Bubble

The Friday Podcast: Wall Street Trickery Inflated The Bubble

  • Download
  • <iframe src="https://www.npr.org/player/embed/129476589/129482757" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Financial trickery! Self-dealing! CDOs! On today's Planet Money, we return to the last days of the housing bubble.

Our story: A group of bankers knew there were serious problems in the market for subprime mortgage investments. But rather than wind the business down, they sped it up — prolonging the bubble, and ultimately making the crisis worse.

It's the latest in our partnership with ProPublica, the nonprofit investigative-reporting outfit.

For more:

* Read the ProPublica article and our blog post on the story.

* Watch the video from the Auto-Tune the News guys.

* Check out the comic and infographic at ProPublica.

* Listen to the This American Life story we did with ProPublica earlier this year.

* Watch "Bet Against the American Dream," a show tune about a hedge fund.

Subscribe to the podcast. Music: The Delays' "Long Time Coming." Find us: Twitter/ Facebook/ Flickr.

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