Comments on: Planet Money Talks

By: How Does Your Next-Door Neighbor Resemble Bolivia?: The Mortgage Crisis and Poor Country Debt Relief | Emerging Markets Outlook

Fri, 26 Jun 2009 20:43:08 +0000

[...] be a poster child for the housing and mortgage crisis, except he is refreshingly short on self-pity http://www.onpointradio.org/2009/06/planet-money. Earning $45,000 a year, he had borrowed $540,000 in what was called a “no-income verification [...]

By: Planet Money on On Point - graysky

Planet Money on On Point - graysky — Fri, 26 Jun 2009 04:54:28 +0000

[...] podcast. The recording, held in The State Room in downtown Boston, was a fundraiser for WBUR. The episode aired today and was a good conversation on how they’ve tried to explain complex economic news in an [...]

By: John Keck

John Keck — Fri, 26 Jun 2009 01:10:38 +0000

Five years ago I got a 30 year 6% 100% mortgage on a $300,000 home. And am current, have good credit. But now, I am trying to think ahead as I am recently unemployed, and CitiMortage, who is servicing the mortgage, will not talk to me unless I am behind on payments, seriously, they will not – it is like a catch 22. And if I defaulted, and they foreclosed, they would sell this house for about $160,000 which is the current value of my home in my neighborhood, Beverly Hills, Michigan. But will they re-write the mortgage for a lower base? No, they say “banks don’t do that” – whatever that means. The mortgage is owned by Fannie Mae. So what is happening with banks – they are ONLY fixing loans they never should have made in the first place – ie, they ONLY fix their mistakes. Will they help anyone else – NOPE. And someone needs to call them on this bull.

By: gentry13

gentry13 — Fri, 26 Jun 2009 00:21:23 +0000

maybe this is a banal question, but why isn’t tom ashbrook hosting this show? after his recent illness, his absence makes me nervous.

By: John Keller

John Keller — Thu, 25 Jun 2009 22:02:25 +0000

Davidson/Kestenbaum 2012!

By: Tonight at 9pm: On Point Talks With NPR’s Planet Money | Facing the Mortgage Crisis

Thu, 25 Jun 2009 19:45:52 +0000

[...] more information on the program, visit this page. You can view Michigan Radio’s full schedule [...]

By: D. C. McGuire

D. C. McGuire — Thu, 25 Jun 2009 17:47:15 +0000

Community banks, ones that never made a sub-prime loan, never sold derivatives, or even offered credit cards (because of the unconscionable policies of VISA and MasterCard)and which are the lifeline for “Main Street”,
are being lumped with the high-risk financial corporations which are mistakenly called banks. The community banks are doing everything right and receive NO help, in terms of policy from Washington or financial assistance. Why?

By: Joe B.

Joe B. — Thu, 25 Jun 2009 17:33:13 +0000

This was a very interesting and educational program.

By: Paul Littlefield

Paul Littlefield — Thu, 25 Jun 2009 16:04:20 +0000

The Planet Money team is the only source I have found for clear explanations of the condition of the economy and what is at stake. We need more reporting that deals with the actual issues in this fashion. I am deathly tired of “experts” and “analysts” who are too busy jockeying for short-term political advantage to be mindful of the long-term interests of the entire nation.

By: Tom Hagan

Tom Hagan — Thu, 25 Jun 2009 15:28:34 +0000

Please discuss this: is the present money and banking system inherently unsustainable, doomed to crash in the kind of credit crunch we are experiencing, because it requires ever increasing levels of debt – an impossibility? Eventually, when debt reaches its limit, “liar loans” get made, the liars default, and banks fail.

Is this the inevitable end result of fractional reserve banking, which requires that banks must keep increasing loan totals forever?

Stepehen Zarlenga, Ellen Brown and others hold this to be true. Are they right or wrong? Why?

By: On Point and Planet Money — The Mediavore

On Point and Planet Money — The Mediavore — Thu, 25 Jun 2009 14:04:33 +0000

[...] had the chance to hear this yet, of course, but we think it will be good. A few days ago, On Point’s Tom Ashbrook hosted Planet Money’s Adam Davidson and David Kestenbaum in front of a live audience in [...]

By: Make Money Online - is it Typical To “Get Rich Quick”? « Make Money Online

Make Money Online - is it Typical To “Get Rich Quick”? « Make Money Online — Wed, 24 Jun 2009 23:12:58 +0000

[...] Planet Money | WBUR and NPR – On Point with Tom Ashbrook [...]

By: Richard

Richard — Wed, 24 Jun 2009 22:47:37 +0000

The Giant Pool of Money was and remains the best discussion of the financial meltdown I’ve heard or seen on any medium. Congratulations on doing that show.

I’m looking forward to this…