Economy Aug 12

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Where Are Toxic Assets Now?

Question: TARP was originally proposed to deal with “toxic assets” to unclog the books of financial institutions and prevent them from becoming insolvent. The toxic assets to date have not been bought up, so…

Economy May 12

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What’s the Real Madoff Math?

Tonight, FRONTLINE tackles the Bernard Madoff affair, attempting to decipher the puzzle of the financier’s multi-billion dollar Ponzi scheme. The program delves into the cast of characters involved in the case, including the…

Economy Feb 23

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Will the Next Generation Be Better Off?

Question/Comment: Will the next generation be better off? Paul Solman: Who knows? But an interesting skeptic is Dallas Salisbury, head of the Employee Benefits Research Institute. I interviewed him recently for a story on what’s known as “the…

Question/Comment: Could you explain where all the money went that supposedly vanished during the Wall Street meltdown? Who has it? Was it imaginary or did it really exist? Paul Solman: All Wall Street values are imaginary. All money is imaginary.

Question/Comment: My question about the mortgage crisis is this: how exactly did the banks lose money? It seems that people who put deposits on the loans that were foreclosed upon lost their money, not the banks. The banks…

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