Buying a Toxic Asset as a Pet

The NPR Planet Money team chipped in their own money and bought a toxic asset, those financial bonds full of mortgages that people might not be able to pay, those creatures that nearly brought down the global financial industry. There are actually people who are trying to put a value on toxic assets--and a song title--so that they can sell them. This is an excellent show if you want to know exactly what a toxic asset is.

Most people are still shaking their fists at the banks, but until folks own up to irresponsible borrowing, we're going to be in the same mess, no matter what regulations are slapped on the financial industry. Follow the toxic asset (who will soon be named) here.

An update on their toxic asset: