Andrew Price
Former Web Editor, GOOD.is
- March 12, 2010 • 5:00 am PST
- + responses
The excellent Planet Money team (who we honored in the GOOD 100) is continuing its coverage of our economic troubles by tracking the performance of a real, tanking toxic asset:We bought one of those things that no one wanted, one of those things that almost brought down the global economy: our very own toxic asset. This one has more than 2,000 mortgages in it. We paid $1,000, with our own money, for our piece. It used to be worth more like $75,000.
They've set up an interactive infographic where you can see exactly what's in their troubled mortgage puree, and watch its value change as people default or pay off their loans.
