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#207 Planet Money: Wall Street Trickery Inflated The Bubble

#207 Planet Money: Wall Street Trickery Inflated The Bubble

Planet Money vor 16 Jahren

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Financial trickery! Self-dealing! CDOs! On today's podcast, we return to the last days of the housing bubble. Our story: A group of bankers knew there were serious problems in the market for subprime mortgage investments. But rather than wind the business down, they sped it up -- prolonging the bubble, and ultimately making the crisis worse.

Music from The Delays' "Long Time Coming."