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
- moody's blues DOJ, States To Sue Moody’s Credit Rating Agency For Role In Mortgage Meltdown
- time to pay up Morgan Stanley To Pay $3.2 Billion To Settle State & Federal Mortgage Cases
- do the hustle Bank Of America Won’t Have To Pay $1.2 Billion For Countrywide’s “Hustle” Mortgage Scam
- home sales Some Banks Offering Tech Employees Mortgages With No Down Payment
- we'll be there between 2 to 4 (years) Comcast Leaves Cable Dangling In Back Yard Of Non-Customer For More Than 2 Years