Hey, we broke a story. A big one.
Planet Money readers and listeners read and heard last Friday (and on This American Life over the weekend) that the bailout bill allows the Treasury Department not only to buy toxic assets but to also take ownership of US banks.
Time Magazine is taking credit for breaking that story--which they didn't get to until yesterday. After Treasury Secretary Henry Paulson publicly admitted it.
The New York Times followed them.
For us reporters, breaking a story is a big deal. We get all proud of ourselves. And to break a big story in a blog and podcast, just a few weeks after starting, that feels like a really, really big deal.