wombat_socho (wombat_socho) wrote,
wombat_socho
wombat_socho

  • Mood:
  • Music:

Not very moe, but reasonably accurate anyway

NPR's Pet Toxic Asset, "Toxie," Dies - The Consumerist:
To see what would happen, reporters for NPR's Planet Money pooled their money and bought a toxic asset for $1,000. At 99% off, it seemed like a bargain. This week, "Toxie," as they dubbed their pet, gave up the ghost. Contrary to expectation, she was killed not by foreclosures, but by loan modifications, which reduced the amount of cash flowing into the bond. Planet Money tells the whole story in this awesome and hilarious animation.


(Ace)
Tags: culture w/o politics, laffo
Subscribe
  • Post a new comment

    Error

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.
  • 0 comments