Infographic: Tracking a Toxic Asset

NPR's Planet Money produces an astounding infographic that shows just how bad a bet the banks made when they went crazy for bundles of subprime mortgages.

Planet Money


Toxic assets brought our economy to its knees. You remember those, right? They were bundles of sub-prime mortgages, which were sold to banks like bonds. As the bundled mortgages were paid off each month, they promised a steady portion of the cash.


For the banks that bought these assets, the problems began when people couldn't pay the...

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Published on March 12, 2010 09:03
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