NPR's Pet Toxic Asset, 'Toxie,' Could Become A $75,000 Zombie

NPR's Pet Toxic Asset, 'Toxie,' Could Become A $75,000 Zombie

Back in January 2010, seeking o learn more about the mortgage-backed securities that helped destroy the global economy, the staff of National Public Radio’s Planet Money podcast pooled their money and bought part of a mortgage-backed bond. “Toxie” lasted only a few more months, earning $449 for her owners before so few mortgage payments were coming in that she “died.” Or at least stopped earning money. [More]