The Friday Podcast: Wall Street Trickery Inflated The Bubble : Planet Money In the last days of the housing boom, some bankers knew there were serious problems in the mortgage market. But rather than wind their business down, they sped it up.
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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

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.