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I disagree. Take the reporting on Toxie, their toxic asset. I think what they did was a good idea, I have followed their reporting on it for a while now. Firs
by jakarta 16y ago
I disagree.
Take the reporting on Toxie, their toxic asset. I think what they did was a good idea, I have followed their reporting on it for a while now. First they presented how one actually acquires these assets (they started with a trader and walked through that process) then they actually dug deeper beyond just monitoring the prices. They followed the individual mortgages within the security and found how one was tied to a mortgage fraud scheme and the other was tied to a guy who borrowed beyond his means.
I saw similar research put together by a well respected bank's equity research arm that decided to start visiting the homes which corresponded to certain distressed bank loans in Ohio. So overall, I thought the Planet Money team took a really good approach to their story.
Is it true that they have to sometimes dumb things down for the masses? Yes. No ordinary person is going to sit there and read through a CDO prospectus. But if I wanted something more in depth I would just listen to my Bloomberg podcasts.
Also, your criticism about Planet Money versus TAM seems a bit off base. I have found that Planet Money is the group that most often contributes the economic reporting/segments to TAM. Although there have been times when ProPublica contributes to both.