To dig right into the meat of the story they’ve been tracking for over a year, NPR Planet Money reporters David Kestenbaum, Chana Joffe-Walt plunked $1000 down and bought up a securitized pack of Countrywide mortgages. At one point it was worth $75,000. Will the homeowners pay their mortgages and the reporters make their money back or will too many houses get sold at a loss and the asset implode? Follow along and find out.
Reporters Buy Up Toxic Assets
By Ben Popken March 15, 2010
- hustled Bank Of America Finally Ordered To Pay $1.27B For Countrywide’s “Hustle”
- big deal Bank Of America Settlement Could Be Worth As Much As $17 Billion
- orange you glad you're not mozilo? Former Countrywide CEO Still Says He Did No Wrong, Still Refers To Self In Third-Person
- fighting the bad fight Bank Of America Doesn’t Want To Pay $1.27B For Countrywide’s “Hustle” Mortgage Scam
- moody's blues DOJ, States To Sue Moody’s Credit Rating Agency For Role In Mortgage Meltdown