(2010/04/20) Toxic assets from Wall St to West Virginia (Economics) (MP3)

Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy

Jay Tomlinson

Politics, News Commentary, News

4.5 • 3.4K Ratings

🗓️ 20 April 2010

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Edition #354

Toxic assets from Wall St to West Virginia

Act 1: Lifestyles of the rich and despicable - Wait wait don't tell me

Act 2: We bought a toxic asset so you can watch it die - NPR

Act 3: Michael Lewis - The Big Short - Daily Show

Act 4: Joeseph Stiglitz on the economic freefall Part 1 - Ring of Fire

Act 5: Is 2010 going to be 1994 or 1934 - Slate.com

Act 6: Joeseph Stiglitz on the economic freefall Part 2 - Ring of Fire

Act 7: No one would listen - Daily Show

Act 8: WV Mine blast conservatives fault - Young Turks

Bonus iPhone/iPod Touch App Content:

The Robin Hood Tax - A Good Idea - Green.tv

Music:

So long - Lodger

Toxicity - System of a Down

I second that emotion - Smokey Robinson & The Miracles

The gambler - Kenny Rogers

Dreamtime - Uberzone

Falling down - Oasis

Lights out - Santigold

Produced by:

Jay!

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Transcript

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0:00.0	This podcast is made possible not just partly but entirely by the support of listeners just
0:07.9	like you.
0:08.9	Now welcome to the award-winning Best of the Left podcast with clips today from Wait, Wait
0:12.9	Don't Tell Me in PR, The Daily Show, Ring of Fire, Slate Magazine and The Young Turns.
0:18.6	That's the bonus clip today for our iPhone Act users from green.tv.
0:22.6	Jordan, welcome to the show.
0:31.6	Now as I said, the theme of this week's show is money and we're going to ask you to play
0:35.8	a new game we've invented for the occasion and we're calling it Lifestyles of the Rich
0:40.9	and Despicable.
0:41.9	Alright.
0:42.9	Alright.
0:43.9	You're a lawyer, you know all over this stuff.
0:46.4	You're good.
0:48.4	Yeah.
0:49.4	We'll never have so few made so much money wrecking the economy as in 2008.
0:54.6	We're going to give you clues as to how three financial tycoons were amusing themselves
1:00.1	while you and I were fighting the other hobos for that last can of beans.
1:04.3	Your job is to guess correctly what they were doing.
1:06.4	Do that two times out of three you'll win Carl's voice in your home answering machine.
1:09.5	Ready to play?
1:10.5	Let's do it.
1:11.5	Well we'll start with one of the first companies to collapse causing that crisis.
	...

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