While I was perusing through NPR's business section this morning, I came across a little video. While humorous and mildly cute, I watched the story of Planet Money's "Toxie." As an experiment, Planet Money bought a toxic housing asset to, literally, "watch it die." (Yeah, they named it "Toxie," and she wears a cute little bow.) And while it's a little morbid in a dark humor type of way, watching Toxie's video and inevitable death, actually sheds a lot of light for us normal folk as to what really happened with the economic collapse a couple years ago and also what's still happening today.
So, how did "Toxie" the little toxic asset with the cute bow fare? Listen for yourself! Oh, and if you want to watch the video of the cute floofball asset (which I highly recommend), click here.
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