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The Sound of Ideas

Wanna Buy a Toxic Asset?

Posted Wednesday, March 25, 2009

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This week, the U.S. Treasury cheered investors with the announcement of a new program to subsidize their investments in what they're calling "legacy assets." Obama administration officials say it should be enough to get the toxic sub-prime mortgage securities off of bank balance sheets and into the hands of investors and their new taxpayer partners. Last week, the Federal Reserve pulled a new hammer out of the tool box--something called "quantitative easing," which is Fed-speak for "print more money." These two programs have dramatically shifted dynamics in the world of finance. Markets rallied and lenders loosened their grip, but can this change the recession? We'll find out Wednesday morning at 9, and we'll talk about what you need to know about how the government is trying to get the wheels of the economy spinning smoothly again.

Tags

Economy, Facing the Mortgage Crisis, Regional Economy/Business - Analysis and Trends, Regional Economy/Business - News, Government/Politics

Guests

Kevin Jacques Boynton D. Murch Chair in Finance and Associate Professor, Baldwin-Wallace College
Marilyn Geewax Senior Business Editor, NPR

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Every weekday at 9:00 AM (EST), The Sound of Ideas reports the news, explains the news, and sometimes makes news. The Cleveland Press Club awarded it “Best Radio Show” in Ohio and thousands daily find it to be an indispensable source of information about what’s most important to Northeast Ohioans.

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